Cocoa is stable in the global market after two days of strong growth

게시됨 2024년 11월 14일

Tridge 요약

Cocoa prices on the New York Stock Exchange are steady after two days of growth, with a slight increase of 0.13% to $8,029 per ton. However, the outlook for the 2024/25 harvest is uncertain due to speculation and concerns over quality from excessive rains in Ivory Coast, potentially leading to a fourth consecutive production deficit. Despite these challenges, a return to record prices of $12,000 per ton is unlikely. Meanwhile, Arabica coffee prices have also risen slightly, driven by withheld supply from Brazilian producers and firm demand. Demerara sugar contracts for March 2025 have decreased by 0.75%, while cotton prices for the same period have increased by 0.63%.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

After two days of strong growth, cocoa is trading steadily on the New York Stock Exchange this Thursday (14/11). The most traded stocks, maturing in March, are now quoted at US$ 8,029 per ton, up 0.13% compared to the last closing price. The 2024/25 harvest, which began in October with good production expectations, is now facing a dubious scenario, according to Ale Delara, partner at Pine Agronegócios. “Over the last three weeks, cocoa has accumulated a rise of almost 18%, with a large portion of speculation by investors, who now believe that the surplus of 90 thousand tons for the season will not be realized, and with that we could have the fourth consecutive deficit in production”, assesses the analyst. According to him, pessimism about the harvest has increased, as excessive rains in Ivory Coast – the world’s largest cocoa producer – are damaging the quality of cocoa and favoring the emergence of fungal diseases. Despite the boost from recent sessions, Delara sees no chance of ...

출처: Mercado Do Cacau