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 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 recover after slumping 20% amid record low liquidity
World cocoa prices headed for falls of around 20% in two days on Tuesday as technical triggers prevailed thanks to record low liquidity, with even hedge funds having largely exited the market during its breathtaking ascent this year,
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 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 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 ...
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Futures File: Mayday this is cocoa, we’re going down
The mystery knock on cocoa’s door this week did not leave a bouquet of flowers or candy. Cocoa prices have plummeted nearly 30% in just two weeks, topping out at ...
Business Recorder2h
Cocoa prices decline further; robusta coffee also down
LONDON: London cocoa futures on ICE were lower on Friday and on track for a weekly loss of about 28%, though the ...
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 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 ...
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 ...
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 Farmers Association urges President Akufo-Addo to disregard allegations against COCOBOD CEO
The Best Cocoa Farmers Association (BeCoFA) of the Western-South Region has urged President Nana Addo Dankwa Akufo-Addo to ...