Cocoa is piling up at ports and warehouses in Ivory Coast, the world’s biggest producer, after a plunge in futures prices prompted some exporters to suspend purchases. Trucks carrying cocoa are queuing to deliver beans at inland buying stations and the largest ports in Abidjan and San Pedro, according to four shippers familiar with the … Read more
Cocoa is piling up at ports and warehouses in Ivory Coast, the world’s biggest producer, after a plunge in futures prices prompted some exporters to suspend purchases. Trucks carrying cocoa are queuing to deliver beans at inland buying stations and the largest ports in Abidjan and San Pedro, according to four shippers familiar with the … Read more
Oil extended declines to slip below US$46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives meet on Monday amid last-minute negotiations to reach a deal. Futures fell as much as 2 percent in New York after dropping 4 percent on Friday. Saudi Arabia for the first time … Read more