Global: Cocoa breaks record once again and could reach US$ 10 thousand

Cocoa prices continue on an upward trajectory on the New York Stock Exchange and for another session they broke a record. This Thursday (21/3), lots for May closed up 2.82%, quoted at US$8,559 per ton. There are still problems with cocoa harvests in Côte d'Ivoire and Ghana, where reports indicate that both countries are having difficulty meeting industry orders. Given this context, there is room for almonds to rise even further, highlights Adilson Reis, market analyst. “The market has a clear target of US$10,000 per ton and that is open, as the bad news in the sector continues to arrive, such as the closing of factories and lack of supplements. Chinese buyers are trying to source from Peru and Ecuador. There is also a lot of demand for Brazilian cocoa, but we are not able to meet even the local industry”, highlights the analyst. In Ghana, the world's second largest producer of the commodity, the scenario of supply recovery seems distant, according to Adilson Reis. “The country has ...