Cocoa Markets and Shipping

In November 2021, we wrote about Ecuador’s first Summit to deal with the important trade commodities of Cocoa and Bananas. However, although the organisers were keen to stress the importance of these commodity exports to the country, I don’t think the shipment seized two weeks ago in Rotterdam was the kind of export they had […]

Cocoa exports ground to a halt in Côte d’Ivoire, where approximately 50% of the world’s cocoa is produced. Since last Friday, Abidjan and San Pedro, the country’s two main ports, have been blocked by a dockers strike, which is expected to last until December 24th, although it threatens to continue indefinitely if a satisfactory solution

Nigeria is worrying about the risk of having their cocoa rejected by the European Union in 2022, due to quality concerns. During a press conference in Abuja last week, Adeola Adegoke, President of the Cocoa Farmers Association of Nigeria (CFAN), revealed that there were concerns among farmers that the European Union would refuse their cocoa

The ICCO released their October market report, which is aimed at informing traders and participants in the financial markets, challenges us with such terms such as “backwardation.” The organisation summarised the key takeaways as: Prices of the nearby contract tumbled by 9% and 6% in London and New York respectively in October.  Compared to their

The world’s biggest cocoa producer reportedly stopped export sales as it closed out the season 10% down on last year, equating to a drop of 250,000 tons. If we consider that production will be down this year, we have finished our sales for this year Yves Kone – General Manager, CCC Last years harvest was

Côte d’Ivoire’s Cocoa regulator, Le Conseil du Cafe-Cacao (CCC) was forced to reallocate half of the 320,000 tons of Cocoa earmarked for export by local companies after they appeared to be unable to handle the volume. The will of the government is that nationals are more and more integrated into the sales system, but we

According to figures released by the European Cocoa Association (ECA) for the third quarter, Europe’s cocoa grinding rose 8.7% from the prior quarter to 375,811 tonnes in Q3 The market had expected the increase to be higher, after Q2 numbers had increased by a more impressive 13.6%. Cocoa prices initially fell but recovered shortly after. 

Malaysia’s role in the cocoa industry is often overshadowed by the giants in West Africa or even their cousins in Indonesia. In fact, according to different estimates, they are either the 5th or 6th biggest cocoa processor in the world and the second-largest in Asia. But Malaysia has a different approach to cocoa, with a

Nigeria’s Export Import Bank, (NEXIM) Managing Director, Mr. Abba Bello, has claimed that raw cocoa exports are responsible for Nigeria losing up to $190billion per annum. In a headline-grabbing statement, Bello said that he believed Nigeria’s revenues from cocoa exports should be a whopping $200bn but the country is short-changing itself by exporting the raw