Cocoa’s prices increases overwhelming in West Africa

0 11 3 minutes read

Cocoa’s prices increases overwhelming in West Africa

September ICE NY COCOA (CCU25) Today has been increased +243 (+ 2.85%), and September Ice London Cocoa # 7 (Cau25) UP +292 (5.32%).

Cocoa’s prices today are very high and jump up to 6 weeks height. Worrying of dry weather in West Africa that threatens the district cocoa plants that press the highest prices. Weather reports have little to do not mean empty a few weeks ago in the growing Cocoa Cocoa in Ivory Coast and Ghana, which may affect the development of flowers and cheeleles in Cocoa plants. According to the European Weather Center, Rain Coast and Ghana Weather Center at this time we live below 30 years of temperatures, hazardously damages cocoa pod main harvests starting in October.

Symptoms of the Tighter Coco Supplies is a Bulling at the prices of Cocoa Cocoa employed by Cocoa Cocoa in US ports falling in the 1.755 -2770,713 bags of last Friday.

Cocoa has support from reducing Ivory Coco Exports speed. Modern government data has shown that Ivory Coast farmers were sent to Cocoa Cocoa Cocoa that up to October until last year but from the largest + 35% in December.

The quality concerns relating to the Coloop Cocoa Cocoast of Ivop, currently harvested in September, is supported by prices. Processors Cocoors complain about the quality of Agriculture and reject the trucks of the breasts of Coro Cocoa beans. Processors reported that nearly 5% of 5% of 6% of the central coconuts at each of the poor quality, compared to 1% during the major crop. According to Rabobank, the poor Ivory Coast quality is between half a half of the time that reaches the region, limited limitations of plants. The MID-Crop is a minimum of two-year cocoa harvest, starting with the ordinary in April. Ivory Coast Mid-Crop estimate is 400,000 MT, down -9% from 440,000 MT.

Another Cocoa’s supportive substance is a small production of Cocoa in Nigeria, the fifth Cocoa producer in the world. Cocoas’s CocoA Association projects 2025/45/20 / 2015/5 Coco Production will fall -11% y / Y / Y / Y / Y / Y / Y / Y / Y / Y To 305,000 MT in the year of 204/25. In relation to this, Nigeria’s Jun Coco Exports Rose + 0.9% Y / Y to 14 597 MT.

Weaknesses in Chocolate’s quest is a bad feature of Cocoa’s price. Chocolate Lindt & Spripuingli Ag in July lowed its year’s leading leading leading due to a great expectation of the first Chocolate. Also, the Chocolate Barry Callebaut AG in July reduced the volume of the volume second in three months, producing higher cocoa values. The company includes the decrease of the full sales volume and reporting A -9.5% decrease in its post-March sales volume, the largest quarter of a quarter of a quarter.

Weakness in the Global Coco Domeage has always been the worst of Cocoa’s prices. The European Cocoolic Association reported July 17 that Q2 Europerouse CocoSe Grimings falls by 7.2% Y / Y To 331,76 MT, Great Designation Requirements in 5% Y / Y. Also, Asian Cocoian organization reported that Q2 Asian Cocoa Cocoa CocoGs Fell -16.3% Y / Y to 176,644 mt, the smallest Q2 Number of Q2 in 8 years. North America Q2 Cocoa Grimings Fell -2.8% Y / Y to 101 865 mt, there was less decrease than the reduction of Asia and Europe.

The production of higher cocoa is Ghana is a Cocoa prices. On July 1, Ghana Cocoa board revealed the 2015/26 COO Harvest We would climb + 8.3% Y / Y to 650,000 from 600,000 MT at 2000,000 MT by 2024/25. Ghana is the second largest Cocoa manufacturer in the world.

In May 30, the International Cocoa Organization (ICCO) has reconsidered the Cocoa Cocoa Cocoa-423/4 ICCO said 2023/24 Production Courd Fell Fell by 13.1% Y / Y to 4.380 mmt. ICCO said the 2023/4 of Cocoa Cocoop-to-Grifings Ratio decreased lowly 27%. If you look forward to 2024/5, ICCO on February 28 predicted more than 142,000 MT cocoa cocoa at 2024/25, the first remaining last four years. ICCO also indicates that the production of 324/25 of the ground will rise + 7.8% y / y to 4.84 mmt.

On the day of publication, Rich Avlund was not (whether directly or indirectly) positions in any security mentioned in this article. All information and data in this article has only information purposes only. This article was postponed at the beginning of Barchart.com