LAGOS DE MORENO, Mexico, Oct 22- Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday. Nestle's factories in the region including both Ghana and Ivory Coast produce...» Read More
Nestle USA chairman & CEO Paul Grimwood, discuss how inflation is impacting food prices and where the company is looking to expand its health and wellness ambition.
NEW YORK/ SINGAPORE, June 16- Chocolate makers including Barry Callebaut are racing to buy cocoa butter from their competitors this summer, pushing price premiums to their highest in months.
NEW YORK/ LONDON, June 5- ICE cocoa futures pared gains after tapping a 33- month high on Thursday, as buying dried up after rallying for the past two weeks, while raw sugar quietly eased to a five-week low after falling below a psychological support level. Coffee futures were also quietly lower.
NEW YORK, June 4- Famed cocoa trader Anthony Ward's niche commodities fund is up 28 percent through April, after riding the bull run in arabica coffee as a drought in Brazil, the world's No. 1 producer, raised concerns about tightening supplies.
*World's biggest chocolate maker says Indonesia must raise cocoa bean output. SINGAPORE, May 21- World No.3 cocoa bean producer Indonesia should push to more than double output to 1 million tonnes a year to meet Asia's growing appetite for chocolate and demand from local grinders, a senior official at Barry Callebaut said on Wednesday.
*Ghana's cedi has slipped 23 pct against dollar this year. ABIDJAN/ LONDON, May 12- Ghana's falling currency has fuelled smuggling of as much as 100,000 tonnes of cocoa into neighbouring Ivory Coast since October, reversing a trend, industry sources said.
Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.
*Contract to rival ICE's London cocoa market. LONDON, May 1- CME Group Inc, the world's largest futures exchange operator, plans to launch a cocoa futures contract this year, challenging rival Intercontinental Exchange's dominance in the market, industry sources said.
Edward George, head of soft commodities at Ecobank, says chocolate will become a luxury in Europe as cocoa prices shoot up.
CNBC's Morgan Brennan reports cocoa prices are up more than 35 percent over the past 12 months.
"Chocolate is more popular than ever," explains Godiva CEO Jim Goldman, in discussing just how popular Valentine's Day is for his stores. He discusses high cocoa prices right now.
Jonathan Parkman, head of agriculture at Marex Spectron, says the strong performance of Mondelez and Nestle in the cocoa sector underpinned the commodity's price rally last year.
Cocoa is up about 30 percent in the last 12 months, reports CNBC's Morgan Brennan. Stronger demand, and fewer supplies are contributing.
Jonathan Parkman, head of agriculture at Marex Spectron, discusses the outlook for the cocoa market in 2014 and the role emerging markets will play in the price movement of the commodity.
Abah Ofon, Director, Agricultural Commodities Research at Standard Chartered explains what's behind the sharp divergence between coffee and cocoa prices this year.
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.
Cocoa — the main ingredient for Kit Kats, Hershey’s bars and Snickers — may rally into the second-half of this year as low rainfall and drier weather forecast for Ivory Coast, the world’s leading cocoa supplier, threaten to reduce yields and deplete global stockpiles.
When it comes to playing it safe with commodities, you'll want a portfolio with winners to offset the inevitable losers.
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.