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Cocoa's Comeback: How West African Holdouts Are Stirring Up Your Chocolate Supply
https://www.instagram.com/vanessaclarkipai
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things cocoa, and today were diving into the latest on cocoa prices, market moves, and what it means for chocolate lovers like you.
First up, the current trading price. March ICE New York cocoa futures closed at 4348 dollars per tonne, up 147 dollars or 3.5 percent today, according to Barchart. Thats a nice rebound from two-year lows of 4200 dollars hit just last Friday on January 23, as Trading Economics reports. Prices rose above 4400 dollars earlier, bouncing back after a brutal 32 percent drop over the past month and nearly 20 percent last week alone.
Why the swing? West African producers, especially in Ivory Coast the worlds top cocoa grower, are holding back supplies because prices are too low. Barchart notes Ivory Coast shipments are down 3.2 percent this season compared to last year. But ample global stocks are capping gains, with the International Cocoa Organization reporting 2024-25 stocks up 4.2 percent to 1.1 million metric tons. Demand is soft too, thanks to pricey chocolate Barry Callebaut saw a 22 percent sales drop in their cocoa division, and grindings fell sharply in Europe and Asia.
Looking ahead, favorable weather in West Africa could boost harvests, but Nigerias output might dip 11 percent next year. Heres your takeaway: if youre stocking up on chocolate or eyeing cocoa investments, watch for producer holdouts they could spark more rebounds. Keep an eye on ICE inventories, now at two-month highs.
Thats your cocoa update, friends. Thanks for tuning in thanks for listening, hit subscribe, and join me next time for more Daily Cocoa Price Tracker. Stay sweet!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things cocoa, and today were diving into the latest on cocoa prices, market moves, and what it means for chocolate lovers like you.
First up, the current trading price. March ICE New York cocoa futures closed at 4348 dollars per tonne, up 147 dollars or 3.5 percent today, according to Barchart. Thats a nice rebound from two-year lows of 4200 dollars hit just last Friday on January 23, as Trading Economics reports. Prices rose above 4400 dollars earlier, bouncing back after a brutal 32 percent drop over the past month and nearly 20 percent last week alone.
Why the swing? West African producers, especially in Ivory Coast the worlds top cocoa grower, are holding back supplies because prices are too low. Barchart notes Ivory Coast shipments are down 3.2 percent this season compared to last year. But ample global stocks are capping gains, with the International Cocoa Organization reporting 2024-25 stocks up 4.2 percent to 1.1 million metric tons. Demand is soft too, thanks to pricey chocolate Barry Callebaut saw a 22 percent sales drop in their cocoa division, and grindings fell sharply in Europe and Asia.
Looking ahead, favorable weather in West Africa could boost harvests, but Nigerias output might dip 11 percent next year. Heres your takeaway: if youre stocking up on chocolate or eyeing cocoa investments, watch for producer holdouts they could spark more rebounds. Keep an eye on ICE inventories, now at two-month highs.
Thats your cocoa update, friends. Thanks for tuning in thanks for listening, hit subscribe, and join me next time for more Daily Cocoa Price Tracker. Stay sweet!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point Aihttps://www.instagram.com/vanessaclarkipai
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things cocoa, and today were diving into the latest on cocoa prices, market moves, and what it means for chocolate lovers like you.
First up, the current trading price. March ICE New York cocoa futures closed at 4348 dollars per tonne, up 147 dollars or 3.5 percent today, according to Barchart. Thats a nice rebound from two-year lows of 4200 dollars hit just last Friday on January 23, as Trading Economics reports. Prices rose above 4400 dollars earlier, bouncing back after a brutal 32 percent drop over the past month and nearly 20 percent last week alone.
Why the swing? West African producers, especially in Ivory Coast the worlds top cocoa grower, are holding back supplies because prices are too low. Barchart notes Ivory Coast shipments are down 3.2 percent this season compared to last year. But ample global stocks are capping gains, with the International Cocoa Organization reporting 2024-25 stocks up 4.2 percent to 1.1 million metric tons. Demand is soft too, thanks to pricey chocolate Barry Callebaut saw a 22 percent sales drop in their cocoa division, and grindings fell sharply in Europe and Asia.
Looking ahead, favorable weather in West Africa could boost harvests, but Nigerias output might dip 11 percent next year. Heres your takeaway: if youre stocking up on chocolate or eyeing cocoa investments, watch for producer holdouts they could spark more rebounds. Keep an eye on ICE inventories, now at two-month highs.
Thats your cocoa update, friends. Thanks for tuning in thanks for listening, hit subscribe, and join me next time for more Daily Cocoa Price Tracker. Stay sweet!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI
This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things cocoa, and today were diving into the latest on cocoa prices, market moves, and what it means for chocolate lovers like you.
First up, the current trading price. March ICE New York cocoa futures closed at 4348 dollars per tonne, up 147 dollars or 3.5 percent today, according to Barchart. Thats a nice rebound from two-year lows of 4200 dollars hit just last Friday on January 23, as Trading Economics reports. Prices rose above 4400 dollars earlier, bouncing back after a brutal 32 percent drop over the past month and nearly 20 percent last week alone.
Why the swing? West African producers, especially in Ivory Coast the worlds top cocoa grower, are holding back supplies because prices are too low. Barchart notes Ivory Coast shipments are down 3.2 percent this season compared to last year. But ample global stocks are capping gains, with the International Cocoa Organization reporting 2024-25 stocks up 4.2 percent to 1.1 million metric tons. Demand is soft too, thanks to pricey chocolate Barry Callebaut saw a 22 percent sales drop in their cocoa division, and grindings fell sharply in Europe and Asia.
Looking ahead, favorable weather in West Africa could boost harvests, but Nigerias output might dip 11 percent next year. Heres your takeaway: if youre stocking up on chocolate or eyeing cocoa investments, watch for producer holdouts they could spark more rebounds. Keep an eye on ICE inventories, now at two-month highs.
Thats your cocoa update, friends. Thanks for tuning in thanks for listening, hit subscribe, and join me next time for more Daily Cocoa Price Tracker. Stay sweet!
For more http://www.quietplease.ai
Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r
This content was created in partnership and with the help of Artificial Intelligence AI