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Cocoa Market Review.pdf

ICCO-Monthly-Cocoa-Market-Review-April-2020.pdf
Preview of Cocoa Market Review
🔗 Source: icco.org
📊 Size: 483 KB
👤 Author: Elizabeth Gyamfi
⬇️ Downloads: 109

Summary

Cocoa prices increased by 18% in London and 9% in New York during April 2020, due to a decline in cocoa bean supplies from West Africa and less conducive meteorological conditions. The US dollar index remained flat, while the ICCO daily price index weakened by 6.5%, indicating that the price increase was driven by market fundamentals rather than currency movements. Cocoa butter prices plunged by 11% in the US and 9% in Europe, while cocoa powder prices surged by 21% in the US and 17% in Europe. Cumulative arrivals of cocoa beans in Côte d'Ivoire and Ghana were down by 5.7% and 0.9% respectively, compared to the same period last year. Grindings data showed diverse trends, with a modest decline in Asia, an increase in Europe, and a dip in North America.

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Description

Cocoa prices increased by 18% in London and 9% in New York during April 2020, due to a decline in cocoa bean supplies from West Africa and less conducive...

Technical Information

  • File Format: PDF
  • File Size: 483 KB
  • Pages: 2
  • Language: EN
  • Author: Elizabeth Gyamfi
  • Total Downloads: 109
  • Last Updated: 3 hours ago

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