ABIDJAN, Oct 5- There will be a global cocoa deficit of around 96,000 tonnes in the 2015/ 16 season despite increased production, International Cocoa Organization Executive Director Jean-Marc Anga said on Monday. Speaking to Reuters on the sidelines of an event in Ivory Coast's commercial capital Abidjan, he predicted that global cocoa output would increase...» Read More
LONDON, July 29- Sugar and arabica coffee futures rose on Wednesday, in a re-adjustment after a recovery in the Brazilian currency, while cocoa held steady in light volumes. October raw sugar was up 0.12 cent, or 1.1 percent, at 11.29 cents a lb by 1158 GMT, but remained in sight of 11.16 cents a lb, Tuesday's five-week low. "The real recovered last night and some of that was...
*Sugar futures seen linked to weak Brazil currency. Cocoa futures were little changed in thin volume. October raw sugar was up 0.03 cents, or 0.3 percent, at 11.27 cents a lb at 1147 GMT, having hit a one-month low of 11.20 cents on Friday.
*Cocoa futures make biggest weekly drop since January. NEW YORK/ LONDON, July 24- Cocoa futures on ICE fell on Friday, on pressure from heavy speculative selling and a commodity-wide selling spree, while raw sugar turned sharply lower, falling to a one-month low on pressure from the currency in top grower Brazil. Cocoa futures fell in heavy volume and took their...
*Drop in center-south Brazil cane crush in first half of July. September arabicas rose 2.15 cents, or 1.8 percent, to $1.2365 per lb at 1204 GMT, after touching $1.2065, the lowest level since January 2014. September robustas were up 0.5 percent at $1,669 a tonne, after touching a seven-week low of $1,646 per tonne.
LONDON, July 24- Arabica coffee futures on ICE dropped for the eighth straight session on Friday, hitting a 1-1/ 2 year low on pressure from a stronger dollar, while cocoa held steady after Asia grind data met expectations. Sugar futures edged up after Brazilian cane industry data on Thursday showed a drop in the cane crush in the first half of July.
NEW YORK, July 16- North American cocoa grindings in the second quarter fell to the lowest in 2-1/ 2 years, data from the National Confectioners Association showed on Thursday, falling within the low end of expectations. Cocoa processors in the United States, Mexico and Canada reported grinding 120,359 tonnes of beans in the second quarter, ended in June, down 8.6...
*Cocoa prices fall from September 2014 highs. Raw sugar prices initially extended last week's losses on large stocks, favorable cane harvest weather in Brazil, higher-than-expected output in India and Thailand, and fund selling. "Weather in center-south Brazil has been good for harvesting recently," said Nick Penney, a senior trader with Sucden Financial Sugar.
LONDON, June 11- The European Commission said on Thursday it had approved the acquisition of Archer Daniels Midland Co's cocoa business by Olam International Ltd.. The $1.3 billion deal, Olam's biggest ever, will catapult the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. Olam will acquire one of the...
LONDON, June 11- The European Commission said in a statement on Thursday it had approved the acquisition of Archer Daniels Midland Co's cocoa business by commodities firm Olam International Ltd..
Andreas Jacobs, chairman of Barry Callebaut, tells CNBC's Christine Tan how he is continuing the legacy of his father, German-born entrepreneur Klaus Jacobs.
*Traders in Europe scramble for Ghana cocoa stock. *Ghana may have oversold crop by as much as 200,000 tonnes. ENCHI, Ghana/ LONDON, May 6- A poor cocoa harvest in Ghana has left the world's number two producer struggling to fulfil sales contracts and is driving up the price of the commodity on global markets.
China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.
Dennis Melka, CEO of United Cacao Limited, discusses the company's ambitions to become the "largest cacao supplier" in the world.
Prices of chocolate have soared nearly 20 percent over the last 18 months. CNBC's Sara Eisen explains why some say talks of a potential cocoa shortage are exaggerated.
Mohamed Elsarky, CEO of Godiva, discusses the impact of Ebola on cocoa producing nations and the factors behind cocoa's recent price increase.
Tedd George, head of agriculture research at Ecobank, says the spread of Ebola across West Africa could hit production and threaten a large amount of the world's cocoa production.
The World Cocoa Foundation is set to announce a fundraising initiative to help combat Ebola in West Africa.
Erkut Ozer, CEO of Global Trading Enterprises, says China's growing appetite for chocolate is pushing the price of cocoa higher.
"No one wants to talk about it because they don't want to start a panic," one expert tells CNBC.
After seeing a rise of nearly 20 percent year to date, cocoa prices may see a taper soon, says Avtar Sandu, Senior Manager, Commodities at Phillip Futures.