ABIDJAN, April 29- Small Ivory Coast cocoa exporters have defaulted on delivering tens of thousands of tonnes of beans, blaming a poor quality crop and the Coffee and Cocoa Council's decision to ban exports of small beans, sources said on Friday. At least 48,000 tonnes of cocoa beans have not be delivered, said a source at the Coffee and Cocoa Council, posing another... » Read More
Cocoa prices have fallen about 30 percent in the past twelve months, but Keith Flury, Senior Commodity Analyst at Rabobank says they will continue to edge lower in the short-term.
There may be no better way to appreciate the diversity of exchange traded funds than by looking at the commodities sector of the asset class.
Premium Swiss chocolate maker Lindt & Spruengli on Thursday warned that commodity markets remain volatile and that consumer sentiment is hit by the prospects of a worsening employment market.
Here's what moving in commodities Thursday morning:
Markets have overreacted to recent concerns on oversupply in soft commodities, and the fundamentals do not support the recent sell-off, Sudakshina Unnikrishnan, analyst at Barclays Capital, told CNBC on Tuesday.
The Commodities Futures Trading Commission will be looking at the role of speculators in recent volatile commodities pricing, Commissioner Bart Chilton told CNBC Friday.
International shipping companies have resumed deliveries of cocoa from the world’s largest supplier but analysts say the commodity will remain volatile for the foreseeable future.
Much like housing years ago, food has become something bigger than itself. It's about far more than sustenance. It's about commodities trading, global trade, energy, biotechnology and government policy. Our special report, "Food Economics, explores all of those dimensions.
If you're looking for action, try grains, but even that may be iffy. It all depends on the weather.