Source: ICCO.org<\/figcaption><\/figure><\/div><\/div><\/div>\n\n\n\nIn Europe, the differential for Ghanaian cocoa averaged US$333 per tonne in October 2021, down by 50% compared to US$672 per tonne recorded in October 2020. Similarly, the origin differential decreased by 59% from US$527 to US$215 per tonne for Ivorian cocoa beans.<\/p>\n\n\n\n
While a 72% drop from US$390 to US$109 per tonne was recorded for the Nigerian country differential of cocoa, the country differential of Ecuador declined by 19% from US$472 to US$384 per tonne.<\/p>\n\n\n\n
On the U.S. market, cocoa beans from Ghana recorded a differential of US$420 per tonne in October 2021 against US$614 per tonne during October 2020. Over the same period, the premium applied to Ivorian cocoa beans fell by 33% from US$481 to US$320 per tonne.<\/p>\n\n\n\n
Premiums received for Ecuadorian beans in the U.S. dropped by 39% from US$231 to US$142 per tonne. In the same vein, a 40% reduction from US$407 to US$244 per tonne was recorded in the origin differential for Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u201cbackwardation.\u201d 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 […]<\/p>\n","protected":false},"author":10,"featured_media":24064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1701,1838],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/24060"}],"collection":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/comments?post=24060"}],"version-history":[{"count":2,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/24060\/revisions"}],"predecessor-version":[{"id":24074,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/24060\/revisions\/24074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media\/24064"}],"wp:attachment":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media?parent=24060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/categories?post=24060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/tags?post=24060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}