Commodities

Cocoa futures have been performing poorly since the beginning of the year. Pic: ConfectioneryNews

Commodities

Production surplus could weigh down cocoa futures in Q2

By Anthony Myers

Increased output from Cote d’Ivoire and Ghana, along with decline in European cocoa bean usage due to the resurgence of COVID-19 infections means a production surplus projected in the 2020-21 season, with cocoa futures on the commodities market underperforming...

Olam expects a more favourable market condition in 2021, after posting a strong set of results. Pic Olam International

Financial results

Olam reports robust 2020 performance

By Anthony Myers

Olam has reported a strong operating performance across its new structure, which includes its cocoa business in Olam Food Ingredients (OFI).

Analysts are predicting a large surplus of cocoa on the market, even after a global vaccination roll-out. Pic: ConfectioneryNews

Special Report: Post Pandemic Trends 2021

Downward trend in cocoa prices continues, despite COVID-19 vaccinations

By Anthony Myers

In its latest Monthly Cocoa Market Report, the International Cocoa Organization (ICCO) has revealed that anticipations of a production surplus compounded with low levels of demand have contributed to the decline in prices in cocoa from January 2021 on...

The level of cocoa in Europe's warehouses is down by 1.5%, according to the ICCO. Pic: ConfectioneryNews

Cocoa

ICCO latest assessment of European cocoa bean stocks show 1.5% reduction

By Anthony Myers

In its latest update, the ICCO’s (International Cocoa Organization) assessment of European cocoa bean stocks for the 2019/20 season held in the continent’s warehouses reveals a reduction of 1.5% (down by 11,734 tonnes), compared with the previous season.

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