Cocoa

Cocoa

Postby behappyalways » Tue Nov 18, 2014 3:13 pm

Don’t panic, but we could be running out of chocolate

http://www.telegraph.co.uk/finance/news ... olate.html
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Re: Cocoa

Postby behappyalways » Wed Nov 19, 2014 11:16 am

#TheBrief: How Ebola and Fungus May Speed Up the Chocolate Shortage
http://time.com/3591915/ebola-fungus-chocolate/
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Re: Cocoa

Postby behappyalways » Wed Jun 24, 2015 9:04 am

Chocolate lovers: prices could go up (again)!
http://money.cnn.com/2015/06/23/investi ... d=SF_River
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Re: Cocoa

Postby behappyalways » Mon Oct 19, 2015 9:48 am

Olam sees 2015/16 global cocoa deficit of 150,000 tonnes
http://sgx.i3investor.com/servlets/fdnews/54714.jsp
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Re: Cocoa

Postby winston » Mon Nov 16, 2015 6:34 am

not vested

The Sweet Commodity That’s Outperforming Oil, Gas and Precious Metals

by Anthony Summers

Over two-thirds of the world’s cocoa is produced in West Africa. Côte d’Ivoire (Ivory Coast) is the largest producer, growing a third of the world’s cocoa.


The simplest way to play the uptrend is through the iPath Bloomberg Cocoa Subindex Total Return ETN (NYSE: NIB). It tracks futures contracts on cocoa and has provided a 13% return for investors so far this year.


Source: The Oxford Club

http://www.investmentu.com/article/deta ... kkHRXYrKM8
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Re: Cocoa

Postby behappyalways » Mon Nov 16, 2015 8:09 am

Cocoa's Reign as World's Best Commodity Lures Corporate Cash
http://www.bloomberg.com/news/articles/ ... orate-cash
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Re: Cocoa

Postby winston » Tue Feb 07, 2017 6:18 am

Dark times for cocoa as prices hit four-year lows

Choosy and weight conscious consumers and an abundance of crops has hit prices

A bumper crop last season from benign weather in West Africa is weighing down prices.

Ivory Coast and Ghana are the world’s top producers of cocoa beans, accounting for more than two-thirds of global supply.


ICE cocoa may fall further, pegging support at US$2,000 a ton.


In the U.S., which is the world largest chocolate market, retail sales of chocolate candy have seen little growth in the last two years.


Annual cocoa production is about 4 million tonnes and many traders are expecting a supply surplus this year.


In China , retail volumes of chocolate likely fell 4 per cent to 122,000 tons in 2016.


Source: SCMP

http://www.scmp.com/business/commoditie ... -year-lows
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Re: Cocoa

Postby behappyalways » Sat Feb 25, 2017 4:44 pm

Ivory Coast's cocoa farmers face financial crisis
http://www.bbc.com/news/business-39081453
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Re: Cocoa

Postby winston » Tue Mar 07, 2017 8:14 am

The cheapest most hated asset today

Source: Daily Crux

http://thecrux.com/sjuggerud-the-cheape ... set-today/
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Re: Cocoa

Postby winston » Fri Jun 02, 2017 9:08 pm

Cocoa ETFs Getting Sweetened: Time to Buy?

by Sanghamitra Saha

Cocoa prices are on the rise lately thanks to “signs of tighter supplies in Ivory Coast, the world’s top grower.” As per Bloomberg, July futures went up about 6.8% on May 30, “the most ever for the contract.”

News that 950,000 tons of Ivory Coast's still unharvested cocoa crop – almost the volume of Ivory Coast's total cocoa crops last year — had already been sold to buyers, actually caused the latest price rally.

Cocoa prices were mostly downbeat in the last one year on supply glut. This led to compelling valuation for cocoa-related investing items (read: Why Cocoa ETFs are Hitting 52-week Low?).

However, adverse weather conditions in major growing regions hindered faster output lately, which lent a helping hand to this soft commodity.

Cocoa futures in London and New York jumped on May 30, registering their “largest one-day gains since 2012”, as speculation that Ivory Coast has wholesaled a large portion of their 2017-18 crop triggered buying. There is also news of political turmoil in Ivory Coast, which pushed up cocoa prices.

Money managers that have so far bet against the commodity, are now turning bullish, as per the source. Prices are turning around after touching the lowest in about 10 years in April. There is also speculation that plentiful rainfall triggered fears of flooding, which may ravage the harvest.

Investors can play this optimism in the cocoa market with exchange-traded products. Below we highlight two pure-play cocoa ETNs in detail:

iPath Pure Beta Cocoa ETN (CHOC)

This note looks to track the performance of the Barclays Cocoa Pure Beta Total Return Index. This one can roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Pure Beta Series 2 Methodology.

This approach might result in less contango. This can be an important factor, as month-to-month shifts in contracts can eat away returns in an unfavorable market situation. The fund is a bit unpopular in the space as evident by its AUM of $5.0 million. The product charges 75 bps in fees. The ETN has gained about 12% in the last one month (as of May 31, 2017).


iPath Dow Jones-UBS Cocoa Subindex Total Return ETN (NIB)

This ETN seeks to match the performance of the Dow Jones-UBS Cocoa Subindex Total Return. The index delivers returns through an unleveraged investment in the futures contracts on cocoa and currently consists of one futures contract. The product normally utilizes front month contracts in order to achieve exposur.

The fund is also unpopular and has attracted just $56.6 million in assets. The product charges 75 bps in fees per year and trades in a small volume of nearly 140,500 shares on average daily basis. This increases the trading cost in the form of a wide bid/ask spread.

The ETN has added about 14% in the last one month.

https://finance.yahoo.com/news/cocoa-et ... 04101.html
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