“Change” is a key word for the cocoa market at the moment, with the sector going through as well as needing lots of it in order to ensure its survival, according to the European Cocoa Association (ECA’s).
Ivory Coast has revealed its production ceiling for the 2020/21 season, as well increasing its farmgate price for 2019/20, along with Ghana.
Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Less than encouraging third quarter grind data from Europe and North America this week saw recently firm cocoa prices starting to backtrack again.
Cocoa prices closed lower as the market awaited Q3 North American cocoa demand data expected late Thursday (October 17).
Nestlé reported strong organic growth in its third quarter results, confirmed its 2019 guidance and announced plans to return up to USD20 billion to shareholders by 2020.
Cocoa processing in Asia climbed by 14.73% from a year earlier, a record for Q3 figures, the latest data from the Cocoa Association of Asia (CAA) showed.
North American cocoa grindings fell to their lowest Q3 level in 10 years, data from the National Confectioners Association (NCA) showed on Thursday (October 17).
Cocoa prices on Wednesay (October 16) closed lower on a decline in European cocoa grinding.
All set! This article has been sent to firstname.lastname@example.org.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.