Judith Ganes Chase

Cocoa Market Glut May Not Last

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Cocoa prices are currently pluming multi year lows, with New York prices below $2,000 a tonne, a level they have only fallen below for one brief period in the last eight-and-a-half years. Pressure on prices is coming from resurgent West African production, at a time of supressed demand. But analyst Judith Ganes-Chase warned that the … Read more

Cocoa Futures Curtail Losses, Despite Surprise Drop In EU Grind

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Cocoa processing volumes by European grinders recorded an unexpectedly weak finish to 2016 – although the data provoked only minimal losses in futures, amid hopes for demand improvement this year. Cocoa processors such as Barry Callebaut, Cargill and Olam ground 339,379 tonnes of beans in the October-to-December period, the European Cocoa Association said. That represented … Read more