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Will Ebola impact Cocoa price?

Ebola has largely been confined to Sierra Leone, Guinea and Liberia, which produce relatively smaller amount of cocoa. But Ivory Coast shares borders with these countries and the threat of the disease impacting the transportation has the world worried. Before

Is Cocoa running wild again?

Cocoa futures dipped in swaps-related dealings in light volumes but remained near last week’s 32-month peak, underpinned by expectations of a global deficit and concerns over weather and prospects for West African main crops. “There are concerns that weather, possibly

Cocoa prices rise to 28-month high

Cocoa for delivery in March on ICE Futures U.S. rose as high as $2,933 a ton, the highest price for the most actively traded contract since Sept. 8, 2011. The trigger for the current price surge has been the sharp

Cocoa market shortage: 23-month high rally

Cocoa reached a 23-month high in New York, extending the biggest gain since August, as rain threatens to hamper harvesting and supplies are set to trail demand according to the International Cocoa Organisation which forecasts a deficit in the next four

Cocoa beans supply shortfall

Cocoa prices are up 21% so far in the third quarter, outperforming broad commodity indexes. The cost of one kilogram of chocolate in the U.S. is expected to hit a record $12.25 this year, a 45% increase from 2007, according

Cocoa prices down again

Cocoa prices fell at their lowest since January 2012, after falling by 13% over the past two-and-a-half months. Investors fear an abundance of beans on the market due to the rain forecasted in the coming days in Ivory Coast. On

Cocoa prices surge on supply uncertainty from Ivory Coast

Cocoa prices have soared since the beginning of the week,  7% in London at £1,715 a tonne, and 10% in New York to more than $2,500 per tonne, hit a 10-month high on Wednesday on uncertainty about supplies from the Ivory Coast,

How will El Niño impact commodities in 2014?

Forecasters from the United States to Australia are strengthening predictions for the arrival of an El Nino in 2014, and Goldman Sachs Group this week listed palm oil among the crops that could be hurt. The events, which affect weather

Food prices on the rise in the US

After the FAO Food Price Index of 55 food items rose 2.6 percent last month, food prices in the US rose 0.4% in February, the most since September 2011, the Bureau of Labor Statistics said Tuesday. Beef and veal shoppers

Coffee and sugar futures soaring

Coffee and sugar futures soared on Friday on concerns that recent hot and dry weather in Brazil, the source of one-third of the world’s coffee, could crimp the output this year. Brazil had the hottest January ever and the least