Cocoa futures turn bitter as prices drop 30% from record highs
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and worries about a drop in demand.
Cocoa Prices Slump as Monthslong Rally Turns Bitter
Cocoa prices fell sharply this week, with liquidity drying up and trading growing volatile as buyers balk at high expenses.Prices dropped nearly 29% over the past week to levels not seen since mid-March.
Cocoa Prices Settle Sharply Higher Amid a Lack of Liquidity
Cocoa prices recovered from 6-week lows on Friday and rallied sharply. Gains in London cocoa were smaller than that of NY cocoa after the British pound ( ^GBPUSD) Friday rose to a 3-week high. The stronger pound undercuts cocoa priced in terms of sterling.
Cocoa prices have fallen 30% in just a couple weeks
After starting the year on a tear that put the fear of God in Easter baskets everywhere, cocoa prices are backing sharply off record highs. Futures for the commodity have dropped nearly a third from the place it was at just a few weeks ago.
Cocoa Prices Are Melting Down
Cocoa prices are plunging from last month's record highs, suggesting the end of one of the year's hottest trades. Cocoa futures have shed more than 25% since hitting an all-ti
Cocoa prices recover after slumping 20% amid record low liquidity
By Maytaal Angel LONDON (Reuters) -World cocoa prices recovered on Tuesday after clocking losses of more than 20% for the week earlier in the session as technical triggers prevailed thanks to record low liquidity,
Cocoa man faces formal murder charge in death of man attacked in robbery attempt
A grand jury this week returned a first-degree murder indictment against Kenydrick "Pooh" Anderson, who is also charged with ...
Cash Crunch Forces Cocoa Traders to Delay West African Purchases
A liquidity crunch upending the global cocoa market is forcing traders to delay bean purchases from the world’s largest ...
Cocoa Extends Slide From Record as Traders Flee Troubled Market
Cocoa prices slumped again, extending a week of extreme volatility as liquidity dries up and buyers hold back from purchasing ...
Huge supply shortages put cocoa market under strain
The cocoa market is coming under strain as traders grapple with a massive shortage of beans and the soaring cost of securing ...
Cocoa Swings Lower in Volatile Market Hit by Thin Trading
Cocoa prices turned lower on Wednesday, continuing a week of choppy trading that has seen a lack of liquidity fuel more ...
Cocoa price forecast: buy the dip or sell the rip?
Cocoa price has suffered a dramatic reversal in the past few days. After shocking the world with a remarkable surge that pushed it to $12,253 in April, it has now plunged by more than 37%. It was ...
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Recruiting: 5 questions with Cocoa star edge rusher Javion Hilson
COCOA — In a 39-day period, Javion Hilton’s life changed multiple times. Cocoa’s elite edge rusher helped the Tigers win ...
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Cocoa Prices Extend Their Sharp Downside Correction
July ICE NY cocoa (CCN24) this morning is down -490 (-5.92%), and July ICE London cocoa #7 (CAN24) is down -486 (-6.70%). Cocoa prices today extended this week's sharp sell-off to 6-week lows as ...
Lindt & Sprüngli Expands Cocoa Processing Plant
Chocolate manufacturer Lindt & Sprüngli has expanded its cocoa mass production plant in Olten, canton Solothurn, at a cost of ...