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Agricultural Commodities Cocoa Commodity Market Trades, Charts

  • LAGOS, Sept 14- Nigeria should see a bumper cocoa harvest in the coming season as late rains have helped boost pod production, the head of the cocoa association said on Thursday. Sayina Riman, president of the Cocoa Association of Nigeria, expects output for the new season which starts in October to hit between 300,000 tonnes and 320,000 tonnes, up sharply from the...

  • *Price gap to open between Ghana and Ivory Coast. ACCRA, Sept 14- Ghana will keep the price it pays farmers for cocoa unchanged if not higher next season, its industry regulator said on Thursday, raising the likelihood of rampant smuggling from neighbouring Ivory Coast, the world's top producer. But Ghana, the world's number two producer, has kept its price unchanged...

  • ACCRA, Sept 14- Ghana will keep the price it pays cocoa farmers unchanged or even increase it for the 2017/ 18 season, which starts next month, despite a drop in world prices, industry regulator Cocobod said on Thursday. But Ghana, the world's number two producer, has kept its price unchanged since October. He said Ghana expected to produce 950,000 tonnes of beans in the...

  • Swiss confectioners invent a new kind of chocolate for the first time in 80 years

    Swiss chocolatier Barry Callebaut has launched a new type of chocolate called "Ruby".

  • NEW YORK, Aug 11- Three former executives at Transmar Commodity Group Ltd on Friday pleaded not guilty to defrauding banks to win a $400 million credit line for the now-bankrupt New Jersey- based cocoa trading company. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar Commodities affiliate; and Thomas...

  • NEW YORK, Aug 8- Three former executives at Transmar Commodity Group Ltd have been charged with defrauding banks to win a $400 million credit line for their now bankrupt New Jersey- based cocoa trading company, federal prosecutors said on Tuesday. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar...

  • NEW YORK, Aug 8- Three former executives at Transmar Commodity Group Ltd have been charged with defrauding banks to win a $400 million credit line for their now bankrupt, New Jersey- based cocoa trading company, federal prosecutors said on Tuesday. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar...

  • ABIDJAN, Aug 1- Ivory Coast's prime minister has decided to sack the head of the Coffee and Cocoa Council Massandje Toure Litse, owing to a crisis over cocoa contract defaults and other management issues, sources said on Tuesday. Ivory Coast's cocoa industry has suffered a wave of defaults on cocoa contracts this year, after exporters speculating that prices...

  • 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,...

  • Child Labour Cocoa

    Tulane University's Elke De Buhr says there are still a number of children working in cocoa production despite the fair trade cocoa movement.

  • Chocolate PKG

    The chocolate industry grew 13 percent in the past five years, but it could see some supply-related headwinds ahead. CNBC's Uptin Saiidi reports.

  • Chocolate lovers, brace yourselves this Easter. The cost of the confectionery has jumped over the past year and may rise more. The Financial Times reports.

  • The Easter Bunny tends to put a bounce in chocolate sales, but the industry is under threat from changing consumption patterns and difficulties with cocoa farming.