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Agricultural Commodities Cocoa Commodity Market Trades, Charts

  • ACCRA/ ABIDJAN, June 26- Up to 80,000 tonnes of cocoa beans have been smuggled into Ghana from neighbouring Ivory Coast since the start of April, as Ivorian growers take advantage of higher prices in the neighbouring country, exporters said on Monday. Ghana, the world's number two cocoa grower, maintained its farmgate price at $1,914 per tonne, creating a price gap...

  • ABIDJAN, June 19- The International Monetary Fund's Executive Board approved $224.8 million in additional credit for Ivory Coast under an existing lending framework, it said in a statement on Monday. Ivory Coast has emerged from a 2011 civil war to become Africa's fastest growing economy, but the government has had to cut its budget this year amid falling cocoa...

  • ACCRA, June 7- Ghana will begin its minor cocoa mid-crop purchases on Friday and will keep the price at which it buys beans from farmers at 7,600 cedis per tonne, industry regulator Cocobod said on Wednesday. This translates to 7,600 cedis per tonne, "Cocobod said in a statement. Cocobod Chief Executive Joseph Boahen Aidoo said on Tuesday that Ghana might not pay...

  • *World Bank draft report critical of Ghana cocoa regulator. ACCRA, June 5- Corruption and regulatory mismanagement of Ghana's cocoa industry are denting production and harming farmers, underlining the need for reform, the World Bank said in a draft report seen by Reuters. Ghana produced a record 1 million tonnes of cocoa in the 2010-11 season, but output has since...

  • *Ivory Coast, Ghana production outlooks raised. LONDON, May 31- The International Cocoa Organization lifted its forecast on Wednesday for a global cocoa surplus in the current 2016/ 17 season to 382,000 tonnes, citing higher than previously expected output in top producers Ivory Coast and Ghana. The ICCO noted the Ivory Coast had cut its farmgate price for the...

  • ABIDJAN, May 29- Ivory Coast, Africa's fastest growing economy last year, will issue a $1 billion Eurobond next month, Finance Minister Adama Kone told Reuters on Monday, as it deals with budget pressure caused by falling cocoa prices and unrest in the army. However, a steep decline in cocoa futures in New York and London this year have put a squeeze on revenues at a...

  • ABIDJAN, May 1- Ivory Coast President Alassane Ouattara urged cocoa farmers to raise production and quality and said a 40 percent fall in global cocoa prices this season had hurt the nation's economy and budget. Bumper crops in Ivory Coast, the world's top producer, and other countries have sent prices tumbling this season. Ivory Coast has slashed its 2017 budget...

  • *Ghana, Ivory Coast increasing cooperation. ABIDJAN, April 25- Ghana's Cocobod needs around $400 million in bridge financing from the central bank to cover its operations for the remainder of the cocoa season after its annual syndicated loan ran out early, the industry regulator's chief executive said on Tuesday. We're going to the central bank, the Bank of Ghana,...

  • NEW YORK/ LONDON, March 24- Arabica coffee on ICE Futures U.S. on Friday dropped to the lowest since early January as cocoa futures also fell while raw sugar prices continued to recover from Wednesday's 10- month low. *May arabica closed down 2.9 cents, or 2.06 percent, at $1.376 per lb, settling near the session's 2-1/ 2- month low of $1.371. *May robusta followed,...

  • NEW YORK/ LONDON, March 23- Raw sugar futures on ICE jumped on Thursday, recovering from the previous session's 10- month low on short-covering, as cocoa on ICE Futures U.S. edged toward this week's two-month high and coffee prices retreated. *The market's decline has been driven by fund selling, a favorable production outlook in top grower Brazil and diminishing...

  • *May raw sugar futures were off 0.65 cents, or 3.6 percent, at 17.60 cents a lb at 1521 GMT after dipping to a low of 17.52 cents, the weakest for the front month since early June last year. *May white sugar fell $11.30, or 2.2 percent, to $499.00 a tonne. *Mexico demands reciprocity in its refined sugar-for-fructose trade with the United States and it is unfair to "punish" its...

  • ABIDJAN, March 15- Cocoa grinding companies in Ivory Coast said they are rejecting between 30 and 50 percent of beans because of high acidity levels, which along with other quality problems is likely to cause a sharp drop in port arrivals next week. Cocoa arrivals are up nearly 7 percent so far this season from the previous season, with at least 40,000 tonnes being...

  • ABIDJAN, March 14- Cocoa exporters in top producer Ivory Coast expect port arrivals to fall by half to around 20,000 tonnes per week from next week, and to remain at that low level until May or June owing to poor bean quality, they said on Tuesday. Cocoa arrivals this season so far are up nearly 7 percent since last season, with at least 40,000 tonnes being delivered...

  • ABIDJAN, March 14- Cocoa exporters in top producer Ivory Coast expect port arrivals to fall by half to around 20,000 tonnes per week from next week, and to remain at least that low level until May or June owing to poor bean quality, they said on Tuesday. Cocoa arrivals this season so far are up nearly 7 percent since last season, with at least 40,000 tonnes being...

  • NEW YORK/ LONDON, Feb 14- New York cocoa futures on ICE fell to the lowest in nearly 8-1/ 2 years on Tuesday, dropping for the ninth straight session on market concerns over a wave of defaults in top grower Ivory Coast, while the London market touched a 3-1/ 2- year low. New York May cocoa settled down $20, or 1 percent, at $1,905 per tonne, after falling to $1,893, the weakest...

  • NEW YORK/ LONDON, Feb 7- Cocoa futures on ICE extended losses on Tuesday, with the New York market falling to the lowest in more than five years and London to a 3-1/ 2- year low as worries about over-supply outweighed fresh unrest in top grower Ivory Coast. *New York May cocoa settled down $39, or 1.9 percent, at $2,017 per tonne. * "There's a ton of cocoa on the farms and they're...

  • *Production in Ivory Coast seen rising by 20 percent. The survey's median forecast for New York cocoa futures prices at the end of the year was $2,400 a tonne, up 17 percent from Monday's close. Supportive factors included a potential pick-up in demand later this year, the prospect of lower farmer prices helping to curb production and concerns there could be...

  • NEW YORK/ LONDON, Feb 3- Raw sugar futures on ICE rallied to a 2-1/ 2- month high on Friday, on support from chart-based buy signals and expectations for demand from top consumer India, while the market made its biggest weekly rise in four weeks. March raw sugar futures settled up 0.56 cent, or 2.7 percent, at 21.11 cents per lb, attracting a flurry of buying around the...

  • LONDON, Feb 3- Robusta coffee futures fell on Friday as weak technicals prompted fresh selling by speculators, while New York cocoa slid to the lowest in almost four years on enduring worries about over-supply. March robusta coffee futures fell $12, or 0.55 percent, to $2,189 a tonne at 1451 GMT, extending losses from the previous session when prices tumbled 2.6...

  • LONDON, Feb 3- Robusta coffee futures fell further on Friday as weak technicals prompted fresh selling by speculators, while cocoa also fell on enduring worries of over-supply. March robusta coffee futures fell $20, or 0.91 percent, to $2,181 a tonne at 1242 GMT, extending losses from the previous session when prices tumbled 2.6 percent. March arabica coffee...