Supply Concerns Support Cocoa Prices

The cocoa prices go through the ceiling and make chocolate an expensive commodity. Ritter-Sport-Chef Andreas Ronken explains what this has to do with climate changeCapital: The prices for chocolate have gone up significantly. What is happening now?ANDREAS RONKEN: The cocoa prices have risen dramatically. One reason for this is that stocks have been reduced in recent years. We live as chocolate producers by hand in the mouth. Behind this is the f…

Supply Concerns Support Cocoa Prices

July ICE NY cocoa (CCN25 ) today is up +214 (+2.41%), and May ICE London cocoa #7 (CAK25 ) is up +26 (+0.41%). Cocoa prices today are moderately higher but remain below Wednesday's significant highs. On Wednesday, NY cocoa posted a 2-1/2 month high, and London cocoa posted a 2-1/2...

The price of cocoa is gaining prominence again in the markets and this week it accumulates an advance of more than 7% above the US$9,100 per ton, its biggest weekly increase since January.The impulse has been accompanied by positive technical signals and the persistence of climatic conditions.See more: A resilient Latin America takes advantage of the cocoa crisis, despite the fall in production in BrazilAccording to a StoneX analysis, the grain …

The cocoa price crisis is a Big Government price fixing disaster, not a climate change one « JoNova

Markets Insider By Jo Nova Price fixing kills the cocoa farm There has been a wicked price spike in cocoa beans which the usual suspects are blaming on “climate change” as if your air conditioner was ruining cocoa crops in West Africa. Instead African governments have fixed the price of cocoa for decades, forcing poor farmers to work for a pittance, and keeping the big profits for themselves. Not surprisingly, even though there is a wild price sp