Cocoa fell in New York, as favorable rains were forecast for West African crops and Rabobank said this year’s historic rally has probably peaked.
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Ivory Coast Says It Can Cover Cost of Some Delayed Cocoa ContractsIvory Coast said it can compensate cocoa exporters for contracts that were rolled over, but not for the full tonnage that shippers are seeking, according to people familiar with the matter.
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Lagarde Says ECB Moving Toward Rate Cut If Inflation Eases MoreThe European Central Bank is closing in on a reduction in interest rates as long as shocks don’t derail the slowdown in euro-zone inflation, according to President Christine Lagarde.
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Cocoa Prices Climb for Fifth Day as Tight Supply Pain LingersCocoa futures rallied for a fifth day as expected tighter supplies in the coming months push prices to near record levels.
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Cocoa, Coffee Reach New Highs on Fear of Aging Trees(Bloomberg) -- Cocoa and coffee futures reached new highs on mounting concerns of extreme weather, while aging trees in Africa cocoa crops and Vietnam coffee...
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Traditional German, Swiss Chocolate Makers Feel the Cocoa CrunchChocolate sommelier Karin Steinhoff went to an Amsterdam warehouse recently to buy cocoa beans for her boutique German producer. But when she walked inside the cavernous building with her trader, they were struck by how unusually empty it was.
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Cocoa Scarcity Distorts Grinding Data’s Role as Guide of DemandAs the cocoa crisis deepens, grindings figures that have long been used to gauge chocolate consumption are becoming a less reliable indicator of demand.
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