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Re: Cocoa

PostPosted: Wed Jul 05, 2017 6:46 am
by winston
Ivory Coast floods threaten the cocoa crop, the main ingredient used in making chocolates

Wet weather has already cut into the last phase of the April-to-September mid-crop, but until this week prospects for the October-to-March main crop were bright


Heavy rains at the weekend in the southwestern San Pedro and Soubre regions, which account for 30 to 40 per cent of national output, soured that outlook as streams overflowed and flowers and pods in early stages of growth were destroyed


Source: SCMP

http://www.scmp.com/news/world/africa/a ... sed-making

Re: Cocoa

PostPosted: Mon Sep 11, 2017 8:22 am
by winston
New generation of chocoholics may turn China into a major chocolate market

The market for chocolate in China is expected to grow in value to 40 billion yuan (US$6.2 billion) by 2020, according to market research firm Ebrun.

The bullish forecast translates into a near doubling of chocolate consumption in the Chinese mainland. Sales of chocolate in the world’s most populous country were valued at about 20 billion yuan in 2015.


On a per-capita basis, Chinese consumption of chocolate is still less than 1 kilogram a year, a mere tenth of the figure in Europe.


Zurich, Switzerland-based Barry Callebaut, the world’s biggest maker of chocolate for commercial customers, is now firmly set on expanding its production in China.


Source: SCMP

http://www.scmp.com/business/companies/ ... ate-market

Re: Cocoa

PostPosted: Wed Sep 27, 2017 9:13 pm
by winston
A Battle to Save the World’s Favorite Treat: Chocolate

By MYLES KARP

Source: NY Times

https://www.nytimes.com/2017/09/25/scie ... olate.html

Re: Cocoa

PostPosted: Thu Jun 15, 2023 2:40 pm
by behappyalways
Global Cocoa Shortage Sends Prices Soaring As "Consumers Should Brace" For 'Chocolateflation'
https://www.zerohedge.com/commodities/g ... ateflation

Re: Cocoa

PostPosted: Mon Jul 10, 2023 2:37 pm
by behappyalways
Cocoa Squeeze Rattles London Market In Biggest Move Since 'Chocfinger'
https://www.zerohedge.com/commodities/c ... chocfinger

Re: Cocoa

PostPosted: Sun Jul 30, 2023 8:42 am
by winston
Chocolate cravings are going to get more expensive to satisfy

By Mumbi Gitau, Ekow Dontoh & Baudelaire Mieu

The cost of wholesale cocoa beans soared to the highest level in more than a decade, and manufacturers are betting prices of the key chocolate ingredient will stay elevated through 2024. That’s mainly because production in West Africa, a region that accounts for two-thirds of the world’s bean harvest, is faltering.

Lindt & Spruengli AG and Hershey Co warn this week that further price hikes can’t be ruled out, even after consumers have already had to swallow higher costs for their products.


Source: Bloomberg

https://theedgemalaysia.com/node/676612

Commodities - General News 04 (May 18 - Dec 23)

PostPosted: Sun Aug 13, 2023 9:02 pm
by behappyalways
"El Nino" cocoa futures hit new highs! Is chocolate going to be more expensive? |Ten different things

聖嬰現象」可可期貨價創新高!巧克力要變貴了? |十點不一樣20230809@tvbsnews02

https://m.youtube.com/watch?v=g20RUnJf6JY

Re: Cocoa

PostPosted: Sat Sep 16, 2023 2:32 pm
by behappyalways
Chocolate lovers aren't going to love this price chart
https://twitter.com/Mayhem4Markets/stat ... 1488456790

Re: Cocoa

PostPosted: Sat Nov 11, 2023 8:38 pm
by behappyalways
'Cocoa Mayhem' Sends Prices To $4,000 Per Ton, Highest Since 1978
https://www.zerohedge.com/commodities/c ... ghest-1978

Re: Cocoa

PostPosted: Fri Dec 29, 2023 6:04 pm
by behappyalways
The Worst 'Candyflation' Is Yet To Come As Cocoa Prices Near Record
https://www.zerohedge.com/commodities/w ... ear-record