{"id":7994,"date":"2020-08-21T08:44:50","date_gmt":"2020-08-21T08:44:50","guid":{"rendered":"https:\/\/bartalks.net\/?p=7994"},"modified":"2021-01-01T15:50:45","modified_gmt":"2021-01-01T15:50:45","slug":"cocobod-reaches-742725-tonnes-cocoa-purchase-in-2019-2020-season","status":"publish","type":"post","link":"https:\/\/bartalks.net\/cocobod-reaches-742725-tonnes-cocoa-purchase-in-2019-2020-season\/","title":{"rendered":"COCOBOD PURCHASES 742,725 TONNES COCOA IN 2019\/2020"},"content":{"rendered":"\n

New data from the International Cocoa Organization (ICCO) has shown that amid the COVID-19 pandemic, COCOBOD reached a total purchase of 742,725 tonnes for the 2019\/2020 cocoa season.<\/p>\n\n\n\n

The data shows a decrease of 4.3% from the volumes bought over the same period of the previous season.<\/p>\n\n\n\n

The drop in volumes purchased by COCOBOD comes at a time when the international cocoa market had continued to see a backwardation position in the New York market and a contango position in the London market, starting July 2020.<\/p>\n\n\n\n

Editors note – these are market terms, If prices are higher with each successive maturity date in the futures market, it’s described at contango. Backwardation is the opposite of contango with successive price declines.<\/em><\/p>\n\n\n\n

However, COCOBOD expects cocoa output<\/a> of around 900,000 tonnes in the 2020\/2021 season, up 5.8% from the forecast for 2019\/2020.<\/p>\n\n\n\n

The expected increase is giving ongoing initiatives to increase cocoa farm productivity which are expected to begin reaping significant rewards in the near future.<\/p>\n\n\n\n

COCOBOD has raised a US$1.3bn loan<\/a> to fund cocoa purchases during 2020\/21 from a consortium of banks and financial institutions, with the government as guarantor.<\/p>\n\n\n\n

Moreover, in C\u00f4te d\u2019Ivoire, as of August 3, 2020, total cocoa arrivals, were established at 2.043 million tonnes, since the 2019\/20 season started, down by 5.% from the 2.160 million tonnes reached during the same period in the previous season.<\/p>\n","protected":false},"excerpt":{"rendered":"

COCOBOD reached a total purchase of 742,725 tonnes for the 2019\/2020 cocoa season.<\/p>\n","protected":false},"author":7,"featured_media":8043,"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\/7994"}],"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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/comments?post=7994"}],"version-history":[{"count":0,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/posts\/7994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media\/8043"}],"wp:attachment":[{"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/media?parent=7994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/categories?post=7994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bartalks.net\/wp-json\/wp\/v2\/tags?post=7994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}