EU broiler prices fell to 11-month lows while egg and SMP prices in the bloc increased. International nutmeg prices are also expected to firm.
Futures closed higher for the week in both New York and in London, as the new main crop harvest comes to market into West Africa.
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US commodities giant Cargill has set out a plan to eliminate deforestation in its cocoa supply chain by 2030.
Danish dairy firm Arla Foods is acquiring the Kraft cheese brands in the Middle East & Africa from Mondelez International for an undisclosed sum.
March New York cocoa futures declined USD7 to USD2,230 per tonne, while London futures settled down GBP8, at GBP1,657 per tonne.
Commodities giant Louis Dreyfus Company (LDC) had announced the appointment of Kristen Eshak Weldon to the newly created role of head of food innovation and downstream strategy, effective January 1, 2019.
Another rally for cocoa futures as contracts in both London and New York settled higher on yesterday’s close (December 13).
Another attempt to lift cocoa futures off their recent lows floundered, then resumed again as speculative traders appeared to take both sides of the market.
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