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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

cocoa regulator

Raw sugar sets 4-1/2 year peak; cocoa also climbs

Raw sugar sets 4-1/2 year peak; cocoa also climbs

  • December arabica coffee fell by 2.95 cents, or 1.6%, to $1.8330 per lb
  • December London cocoa was up 6 pounds, or 0.3%, at 1,797 pounds a tonne, edging towards Monday's five-month high of 1,804 pounds
Published 17 Aug, 2021 07:48pm
Arabica coffee climbs, raw sugar also rises
Markets

Arabica coffee climbs, raw sugar also rises

  • July arabica coffee was up 1.8 cents, or 1.3%, at $1.4205 per lb .
  • May raw sugar was up 0.37 cents, or 2.2%, at 17.10 cents per lb.
  • July New York cocoa rose by $8, or 0.3%, to $2,377 a tonne.
Published 04 May, 2021 05:54pm
London cocoa hits 5-month low on supply surplus, raw sugar gains
Markets

London cocoa hits 5-month low on supply surplus, raw sugar gains

  • May London cocoa fell 0.5% to 1,590 pounds per tonne at 1305 GMT, having hit its lowest since mid-November at $1,586.
  • Ivory Coast's cocoa grind, a measure of demand, stood at 293,000 tonnes by end March versus 282,000 tonnes last season, data from the exporters' association GEPEX showed.
Published 12 Apr, 2021 06:10pm
More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers
Markets

More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers

  • Farmers said more downpours this month would be crucial to avoid a decline in the harvest from July and to improve the quality of the beans, especially since temperatures have been high.
  • "The trees need more rain because it's very hot," said Kouassi Kouame, who farms in the western region of Soubre, at the heart of the cocoa belt.
Published 12 Apr, 2021 06:06pm
Ivory Coast 2020/2021 cocoa arrivals seen at 1.660mn tonnes by April 4
Markets

Ivory Coast 2020/2021 cocoa arrivals seen at 1.660mn tonnes by April 4

  • Ivory Coast's 2020/2021 cocoa mid-crop harvest started on April 1 and will end Sept. 30.
  • About 7,000 tonnes of beans were delivered to Abidjan port and 3,000 tonnes to San Pedro between April 1 to April 4 for a total of 10,000 tonnes, down from 16,000 tonnes during the same week last season.
Updated 06 Apr, 2021 07:29pm
Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount
Markets

Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount

  • The regulator however maintained a $400/tonne premium known as the living income differential (LID) that was introduced this season to boost farmers' incomes.
  • A bumper crop and weak global demand caused by the pandemic, coupled with the introduction of the LID, left piles of unsold beans in warehouses in Ivory Coast.
Published 02 Mar, 2021 08:41pm
Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle
Markets

Ivory Coast seeks to sell 100,000 tonnes of cocoa as buyers haggle

  • There are around 100,000 tonnes of cocoa held by small Ivorian exporters that the CCC is trying to sell, but the problem is that no-one is interested if the differential is not interesting.
  • Two CCC sources, asking not to be named, confirmed the volumes and the discounts requested by exporters.
Updated 22 Feb, 2021 10:05pm
Ivory Coast rains revive hopes for a good cocoa crop
Markets

Ivory Coast rains revive hopes for a good cocoa crop

  • Ivory Coast, the world's top cocoa producer, is in the dry season, when little rain tends to fall from mid-November to March.
  • All the farmers are happy. The ground received a lot of water, which gives us lots of hope for the mid-crop.
Updated 22 Feb, 2021 10:06pm
Ivory Coast cocoa exporters curb exposure and inventories amid glut
Markets

Ivory Coast cocoa exporters curb exposure and inventories amid glut

  • "You have to adapt or lose a lot of money on LID," a director of an Abidjan-based international cocoa company said, requesting to remain anonymous because of the sensitivity of the issue.
  • Exporters said most of the cocoa purchased between October and December will now be used to honour around 80% of the January-March contracts.
Published 22 Jan, 2021 07:19pm