March ICE NY cocoa (CCH25) today is up +1,193 (+11.78%), and March ICE London cocoa #7 (CAH25) is up +997 (+12.28%). Cocoa prices today are soaring on crop production concerns in West Africa.
Crop production concerns in West Africa are fueling fund buying of cocoa futures after some Ivory Coast and Nigerian cocoa farmers reported that cocoa trees are beginning to suffer the effects of ...
Agroforestry systems, which integrate trees and shrubs into farming, are vital to achieving sustainable cocoa production in West Africa where 70% of the world cocoa is produced.
Heavy rain in West Africa has led to reports of high mortality rates of cocoa buds on trees and pushed cocoa prices sharply higher. Heavy rain in the Ivory Coast has also flooded fields ...
The market is keeping an eye on the development of cocoa trees in West Africa as the region enters the Harmattan season, which blows in dry, dusty weather from the Sahara. Farmers are already ...
Extreme weather and under-investment in farms in West Africa has disrupted cocoa bean ... back on some product lines after rising costs Cocoa trees, which only grow in a narrow band around the ...
This shortfall was driven by crop failures in West Africa ... poor weather, cocoa crops were also affected by other challenges such as slower new plantings and aging cocoa trees.
At the heart of the issue is a major shortage of cocoa, after a catastrophic harvest in West Africa caused by cacao swollen shoot virus (CCSV), which spreads from tree to tree and can cause a 50% ...
(Bloomberg) -- Cocoa futures surged on renewed supply fears as concerns over crops in West Africa persist ... farmers reported that cocoa trees are beginning to suffer the effects of the dry ...