December Ny Cocoa (CCZ25) Tuesday close-by -199 (-3.56%), and December London Cocoa # 7 (CAZ25) closed -120.47%).
Cocoa prices are very widowed on Tuesday, with NY COCOA sending 11 months next to the lowest future and London Cocoa sending a lower month. COCOA Week in Ghana, the second largest Coco manufacturer in the world, grow and grow at prices. Cocoa reaches ports in Ghana 4 weeks completing in September 4 to 50,440 mt compared with 11,000 MT layout in the same time in 2024.
Cocoa prices are also under pressure from seven weeks ago between the high-scale poultry prices Chocolate Lindt & Sprünggli AG reduced their Year’s Masgin leader. Additionally, Chocolate Barry Callebaut AG reduced its volume leading a second time three months in July, to the top Cocoa prices. The company includes a drop of volume full-time volume and reporting a -9.5% decrease in its march for the march for march – May, a very large quarter in ten years.
The vision of the improved Cocoa plant in Ivory Coast this year is also experiencing prices. Chocolate Mandlez Mandenz recently said the latest West African Cod Pod is 7% over the five-year rate and are “materially higher than the past year. The main crop of Ivory Coast agriculture is expected to begin next month, and the farmers hope for Agriculture.
Cocoa has some support from the speed of Coco Export export from Ivory Coast, the largest Cocoa producer in the world. Government data has shown that Ivory Coast’s farmers are sent to Cocoa Cocoa Cocoa’s Cocoans until October until October up to 35% Visible increase in December.
The Tirght Cocoa Inventory is supported by the prices of Cocoa employed Cocoa Cocoa at US ports falling to a 5,982 months.
Cocoa prices are previously included on page 2+, by worrying that cold and dry weather in the COCa cococa areas reduces plants development in Ghana and Nigeria. According to the Commodity Weather Group, over the past 60 West African day Cocoa was recorded since 1979. The lack of rain can affect Cocoa Pods in the trees starting in October.
The quality concerns relating to the Coloop Cocoa Cocoast of Ivop, currently harvested in September, is supported by prices. 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 supportive Cocoa object is a small production of Cocoa in Nigeria, the fifth largest Coco manufacturer in the world. The Cocoa Association for Nigeria’s 2025/26 projects for 2025/2006 will be R1% Y / Y / Y / Y To 305,000 MT from 344,000 MT in the year of 204/15. In relation to this, Nigeria reported that the July Cocoale Expoale is sent without –22% Y / Y to 13,579 MT.
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.
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%. Looking forward to 2024/5, ICCO predicted the marijuana of 32,000 MT on February 28, 2024, the first rest of the first 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
