NEW YORK, Nov 15- Coffee had its biggest gain in more than two years in London, reflecting bad harvesting weather for Vietnam's robusta crop, while cocoa rallied in New York as the "softs" markets dominated Friday's action in commodities. Coffee and cocoa had among the biggest gains of the day on the Thomson Reuters/ Core Commodity CRB index.» Read More
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
Abah Ofon, Director, Agricultural Commodities Research at Standard Chartered explains what's behind the sharp divergence between coffee and cocoa prices this year.
*Cocoa rises as investors seize on low prices. Cocoa futures on both ICE and Liffe were firm but trading within the range of recent sessions. The contract has dropped around 26 percent in 2013 so far, making it the second weakest performer, next to Chicago Board of Trade corn, on the Thomson Reuters/ CoreCommodity CRB index, a global benchmark for commodities.
*Cocoa technical up-trend seen remaining intact. NEW YORK/ LONDON, Oct 22- Robusta coffee futures on Liffe hit a three-year low for the second straight day on Tuesday, ahead of an expected record crop from top grower Vietnam, which dealers say may create a global surplus.
*Cocoa slips as investors take profit after inline N.A grind data. NEW YORK/ LONDON, Oct 18- Raw sugar futures spiked to a one-year-high on Friday after a fire engulfed four warehouses in Brazil's Santos port, jeopardizing a fifth of monthly exports from the top producer's main terminal.
ABIDJAN, Oct 16- Concern that Ivory Coast's main crop cocoa harvest could tail off early provoking a supply crunch has fuelled strong competition among major grinders and pushed up port and farmer prices in the world's top grower.
*Sugar may extend technical rally to 20- 20.50 cents per lb. Oct 11- Metal prices will be stuck in a rut into next year due to festering uncertainty over the timing and scale of tapering in the United States, with soft commodities such as coffee offering a better chance of returns, said Jefferies Bache's president.
*Cargill, ADM, Barry Callebaut buy more than half the world's cocoa. NEW YORK, Oct 9- This past summer, European authorities took just six weeks to approve Barry Callebaut's $950 million purchase of Petra Foods' cocoa business, a deal that created the world's largest cocoa company with a quarter of the $10 billion market.
NEW YORK, Oct 8- Crude oil, copper and soft commodities cocoa and sugar rose on Tuesday, while grains and gold eased as investors remained cautious about the partial U.S. government shutdown and the threat of default. U.S. crude oil futures settled at $103.49 per barrel, up 46 cents, or 0.45 percent.
NEW YORK, Sept 5- Gold fell to a two-week low on Thursday as upbeat U.S. data raised expectations the Federal Reserve could announce a cut in its stimulus program, and copper slipped too as the dollar's strength weighed on the base metal's price. Cocoa futures soared 3 percent in heavy trading, hitting one-year highs and extending Wednesday's rally.
*Platinum, natgas and cocoa among other outperformers. NEW YORK, Aug 30- Oil and gold prices fell again on Friday after Britain refused to back a U.S.-led military strike on Syria, but both markets ended August sharply higher after rallying with other commodities in recent weeks.
Gold, cocoa and lean hogs were among the few commodities that rose for the day as investors looked for safe havens amid concerns that the Federal Reserve could soon slow its massive stimulus support for the U.S. economy.
*Ghana must seek greater efficiency in power sector-president. *Ghana plans to issue multiple bonds of $50- 100 mln in 2013. ACCRA, Aug 19- Ghana must learn to process commodities locally rather than depending on exports of raw gold, cocoa and oil products to fuel its fast-growing economy, President John Mahama said on Monday.
*Arabica coffee recovers on crop concerns in Brazil. NEW YORK/ LONDON, Aug 14- ICE cocoa futures posted their biggest gains in a week on Wednesday on concern over dry weather in top grower Ivory Coast, and ICE arabica coffee gained on short-covering and expected crop losses due to frost in Brazil, the world's top producer.
NEW YORK, Aug 7- Cocoa and coffee prices rallied on Wednesday while those of copper and gold steadied from recent declines, helping a broad commodities index settle up for the first time in four days.
Cocoa bucked the broader trend, with futures of the confection-and-beverage commodity rallying to three-month highs in New York as cool and dry weather in top cocoa grower Ivory Coast threatened crop prospects there.
NEW YORK, July 15- Oil edged up on Monday after mixed economic and industry data from the world's biggest oil consumers, the United States and China, while gold prices were flat and copper fell. Cocoa futures were steady to lower on indications of sluggish demand after bearish second-quarter grind data for the commodity out of Europe and Malaysia.
Cocoa is rose over 2.5 percent in 1 week, and hit a 4-week high on Friday. Alan Knuckman, Trading Advantage, explains how he is using options to profit from the commodity's move.
*Sugar traders keep close watch of Brazil port protests. *Cocoa market awaits next week's grinding data. September robusta coffee was off $5 or 0.3 percent at $1,867 a tonne at 1440 GMT after earlier peaking at $1,888, the highest level for the second month since June 6.
*Coffee harvest in Brazil gathering pace. LONDON, July 9- Cocoa futures on ICE rose on Tuesday, boosted by concerns that dry weather West Africa in June may have curtailed prospects for the main crop later this year. September cocoa on ICE rose $13 or 0.55 percent to $2,186 a tonne by 1109 GMT.