Leading chocolate and cocoa product manufacturer Barry Callebaut has announced the production of a high-flavanol chocolate for US consumers.
Cocoa was still on a bullish streak last night as both London and New York contracts skirted around further 3-month highs.
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Ivory Coast's Coffee and Cocoa Council (CCC) has banned Belgian trader Sopex from contracting with local cocoa exporters and processors for 10 years for failing to respect its commercial engagements.
Cocoa futures remain robust with signs that there might be room for further hikes.
The global cocoa industry witnessed a record surplus in 2017, with a similar fate set for 2018. The outlook for grains, meanwhile, seems to be one of a deficit; but, is that true for all grains?
Cocoa volumes flooding into Ivory Coast’s ports are still showing signs of strength given another week-on-week climb.
New York cocoa continued its rallying streak on its return to the market today (February 20); London futures were slightly weaker.
Five years ago, the rehabilitation of the more than half-a-century old Oda cocoa estate began in Nigeria, under a Cocoa Revolution Programme (CRP). This has paved the way for the first chocolate factory in the West African country.
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