Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Cocoa hits 4-month low as demand weakens, supply grows
    Commodities

    Cocoa hits 4-month low as demand weakens, supply grows

    July 29, 20242 Mins Read


    Article content

    Cocoa futures fell to the lowest in more than four months as traders weigh improved supply in the next season against the prospects of weaker demand.

    The most-active contract fell as much as 4.4 per cent to US$6,650 a tonne in New York, the lowest price since early March. Futures are down about 13 per cent this month after more than doubling earlier this year, as the end of the El Niño weather pattern and a potential shift to La Niña is set to boost production.

    Article content

    An improving outlook for the next season has weighed on prices, with some analysts seeing the market flipping to a surplus in the upcoming 2024-2025 season after three consecutive years of deficit. Still, analysts at Fitch Solutions’ BMI unit said they “remain cautious” about rebounding production in top producers Ivory Coast and Ghana, and forecast a small 110,000-tonne deficit for the season.

    A sustained period of elevated cocoa prices, which is expected to continue, will likely impact demand and result in a slowdown in grindings, the analysts said. Chocolate companies have already warned margins could come under pressure in the second half of the year as they purchase beans at higher prices following this year’s rally.

    Recommended from Editorial

    KitKat maker Nestle SA flagged a “tough consumer environment” in an earnings call last week, as customers seek cheaper goods. Lindt & Spruengli AG said the global chocolate market was seeing a slowdown for some products.

    Bloomberg.com

    Share this article in your social network



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The prophetic Slayer song that marked the end of one of thrash metal’s greatest songwriting partnerships

    Commodities

    Youth Forum on Agricultural Biotechnology opens at NSU

    Commodities

    Royal Agricultural University opens its doors for 180th birthday

    Commodities

    Lexington blocks solar farms on agricultural land. But fight over solar isn’t over

    Commodities

    BTBAM’s Dan Briggs – My 5 Favorite Prog Metal Albums

    Commodities

    Royal Welsh Agricultural Society pulls the plug on its Spring Festival to focus on other projects

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    What Metal Stamping Is and Why It Matters in Building

    Investments

    National Investments affiche un bénéfice de 6 millions de dinars au premier trimestre

    Commodities

    Farmers seek improved agricultural power infra, connections

    Editors Picks

    BELFOR Highlights Digital Transformation in Damage Assessment at Asia Claims Convention 2025 in Osaka

    June 2, 2025

    Cours Certificat FACTOR CERTIFICATE SHORT – SILVER

    March 2, 2025

    Paris Olympics | Queens’ Lauren Scruggs earns silver medal in all-American fencing final

    July 28, 2024

    Dow, S&P 500, Nasdaq futures tip higher with CPI inflation data on deck

    September 11, 2025
    What's Hot

    ED finds Fintech companies turn Rs 1cr to Rs 6cr in just 90 days

    October 14, 2024

    Economist issues stark warning about future of US property market

    July 7, 2024

    US stock futures and major Asian gauges make gains as trade war worries ease

    May 13, 2025
    Our Picks

    Visa investit dans la fintech nigériane Moniepoint pour soutenir les PME africaines Par Investing.com

    January 23, 2025

    Mineral annonce que ses actionnaires prolongent les conditions de remboursement d’un prêt de 2,4 millions de dollars australiens

    May 6, 2025

    Commodities Hit as Trump’s Tariffs Threaten Demand and Economy

    April 3, 2025
    Weekly Top

    Titan vs Kalyan Jewellers vs Senco Gold: Which jewellery stock to buy amid rising gold prices, India-US trade deal buzz?

    September 13, 2025

    Silver emerges as strategic metal in age of energy transition

    September 13, 2025

    How Attractive Is Realty Income After Recent Share Price Gains?

    September 13, 2025
    Editor's Pick

    All Secret Reels in Metal Gear Solid Delta and their locations

    August 30, 2025

    Iowa Utilities Commission issues pipeline permit for Summit Carbon Solutions • Iowa Capital Dispatch

    August 28, 2024

    Soventix s’engage sur le projet solaire de 222 MWp pour alimenter la mine de Kamoa-Kakula

    April 30, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.