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​​​​​​​Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High Cash-strapped US consumers should be deeply concerned about rising food inflation. It's 'stickier' than ever as coffee and cocoa prices surge. Arabica coffee futures in New York hit a record high on Tuesday, driven by ongoing fears of a global supply crunch. Prices surged nearly 5% during the session, reaching their highest level in data dating back to 1972. At that time, coffee prices soared due to the disastrous Black Frost, which devastated Brazilian yields. "Concerns over Brazil's 2025-26 arabica crop grew this week," said Steve Pollard, an analyst at Marex Group, as quoted by Bloomberg. Pollard added, "Recent crop tours point to production in the mid-30 million bags," which would result in yet another supply shortfall. Major agricultural trader Volcafe Ltd. recently slashed Brazil's arabica production outlook due to severe drought conditions. The trader projected that South America would produc...

BUZZ-Street View: Potential Mondelez bid for Hershey could help take on cocoa pains ** Oreo maker Mondelez International MDLZ.O is looking to buy chocolate maker Hershey HSY.N , Bloomberg News reported on Monday, citing people familiar with the matter ** This would mark Mondelez's second attempt to buy the Twizzlers' parent after a $23 billion takeover bid in 2016 , which Hershey rejected A CHANGE OF HEART FROM THE HERSHEY TRUST ON CARDS?...

SOFTS-Arabica hits new 47-year peak, cocoa surges to 7-month top Adds comments on sugar, updates prices NEW YORK, Dec 9 (Reuters) - Arabica coffee hit 47-year price peaks on Monday amid crop worries in Brazil, soaring trading costs and as investors remain on edge after two Brazilian traders sought in-court debt negotiations. Cocoa prices hit fresh seven-month peaks....

SOFTS-Arabica hits new 47 year peak, cocoa surges to 7 month top LONDON, Dec 9 (Reuters) - Arabica coffee hit 47-year price peaks on Monday amid crop worries in Brazil, soaring trading costs and as investors remain on edge after two Brazilian traders filed for protection from creditors in court. Cocoa prices hit fresh seven month peaks meanwhile. COFFEE * Arabica coffee futures on ICE KCc2 were little changed at $3.3050 per lb at 1515 GMT, having hit their highest since 1977 earlier at $3.3640....

Ivory Coast dry spell rises cocoa shortage fears, farmers say ABIDJAN, Dec 9 (Reuters) - Rains were below average last week in most of Ivory Coast's main cocoa growing regions, farmers said on Monday, adding that a more prolonged dry spell could tighten the supply of the October-to-March main crop from February. The world's top cocoa producer is in its dry season that runs from mid-November to March, when downpours are scarce....

SOFTS-Cocoa scales new 5-1/2 month peak, coffee jumps 5% Adds comments on coffee, cocoa; updates prices to settlement NEW YORK, Dec 6 (Reuters) - Cocoa prices hit fresh 5-1/2 month peaks on Friday as stocks remain extremely tight and the market is again concerned over this supply prospects, while coffee prices gained 5%. COCOA * London cocoa futures on ICE LCCc2 ​​settled 36 pounds, or 0.5%, higher at 7,890 pounds per metric ton, after scaling their highest since mid-June at 8,075. * Dealers...

SOFTS-Cocoa scales new 5-1/2 month peak, coffee rallies London, Dec 6 (Reuters) - Cocoa prices hit fresh 5-1/2 month peaks on Friday as stocks remain extremely tight and the market is again concerned over this season's supply prospects, while coffee prices rallied. COCOA * London cocoa futures on ICE LCCc2 rose 1.1% to 7,938 pounds per metric ton at 1327 GMT, after scaling their highest since mid-June at 8,075. * Dealers cited an investment fund report predicting the global cocoa market will rec...

Turning sunflower seeds into sustainable, cocoa-free chocolate has netted Munich-based B2B foodtech startup Planet A Foods (formerly QOA) a $30 million Series B funding round. Now, the Y Combinator alum is gearing up for industrialization, with the funds set to be deployed to scale its production capacity by around 7.5x. The round fast follows a […] © 2024 TechCrunch. All rights reserved. For personal use only....

SOFTS-New York cocoa hits 5-1/2 month high, coffee rises sharply Adds comments and closing prices NEW YORK, Dec 5 (Reuters) - New York cocoa hit its highest in 5-1/2 months on Thursday, just shy of $10,000 per metric ton, with industry taking any price dip as a buying opportunity as the market remains doubtful there will be enough of a supply recovery this year....

SOFTS-Cocoa hits 5-1/2 month high, coffee steadies Recasts, updates prices LONDON, Dec 5 (Reuters) - Cocoa futures on ICE hit their highest in 5-1/2 months on Thursday with industry taking any price dip as a buying opportunity as the market remains doubtful there will be enough of a supply recovery this year. COCOA * New York cocoa CCc2 rose 4.3% to $9,807 a metric ton at 1415 GMT, after scaling its highest since mid-June at $9,885. * Dealers said chocolate makers and processors have opted to bu...

SOFTS-New York cocoa hits 5-1/2 month high, coffee steadies LONDON, Dec 5 (Reuters) - New York cocoa hit its highest in 5-1/2 months on Thursday with industry taking any price dip as a buying opportunity as the market remains doubtful there will be enough of a supply recovery this year. COCOA * New York cocoa CCc2 rose 4% to $9,770 a metric ton at 1215 GMT, after scaling its highest since mid-June at $9,792. * Dealers said chocolate makers and processors have opted to buy following Tuesday's pri...

SOFTS-Coffee prices recover from slide, cocoa sharply up Adds comments on coffee, sugar; updates prices LONDON, Dec 4 (Reuters) - Coffee futures on ICE recovered on Wednesday as the market readjusted following a steep sell-off this week, while cocoa prices also closed higher. COFFEE * Arabica coffee futures KCc2 settled 8.2 cents, or 2.8%, higher at $3.037 per lb, having fallen around 7% in the last two sessions....

SOFTS-Coffee prices recover from slide, cocoa heads higher LONDON, Dec 4 (Reuters) - Coffee futures on ICE recovered on Wednesday as the market readjusted following a steep sell-off this week, while cocoa prices also headed higher. COFFEE * Arabica coffee futures KCc2 were up 2.1% at $3.0165 per lb at 1502 GMT, having fallen some 7% in the last two sessions....

Ivory Coast cocoa exporters fear drop in supplies after poor weather ABIDJAN, Dec 4 (Reuters) - Multinational cocoa exporters operating in Ivory Coast, the world's top cocoa producer, fear a drop in supplies from farmers in the coming months after adverse weather hit crops, raising the prospect that some of them might default on contracts. So far this season , the volume of beans arriving at ports is up 34% on the same time in 2023-24. But last season was the worst in a decade, according to the...

BUZZ-Kakao Corp rises as traders gauge South Korean president's failed attempt at martial law ** Shares of Kakao Corp 035720.KS rise as much as 9.7% to their highest point since mid-May on hopes co will benefit from South Korean president's failed attempt at martial law ** Analysts say South Korean President Yoon Suk Yeol's surprise martial law dec...

Der Schoko-Weihnachtsmann kostet in diesem Jahr bis zu 50 Prozent mehr im Laden. Aber sind daran wirklich allein die hohen Kakaopreise schuld?...

Schokolade besteht aus Kakao, welcher überwiegend in Form von Bohnen und Bohnenbruch sowie von Kakaomasse importiert wird. Trotz Knappheit und hoher Preise sind die Kakaoimporte nur leicht gesunken....

Missernten sorgen dafür, dass Kakao deutlich knapper auf dem Weltmarkt wird. In Deutschland hat das ebenfalls Auswirkungen, die sich beim Verbraucher bemerkbar machen....

WIESBADEN (dpa-AFX) - Immer neue Preisrekorde beim Rohstoff Kakao haben die Importe nach Deutschland nur leicht sinken lassen. In den ersten neun Monaten dieses Jahres ist die Menge um 1,6 Prozent auf 540.400 Tonnen zurückgegangen, wie das Statistische ......

For Ghana's cocoa farmers, fertiliser is the vote winner in looming election Ghana's cocoa production sees worst decline Extreme weather, disease, hit output Farmers say government has not done enough Ghana votes on Dec. 7 By Maxwell Akalaare Adombila and Joe Bavier ASSIN FOSO, Ghana, Dec 3 (Reuters) - Cocoa farmer Joseph Arkoh's vote in Saturday's election in Ghana hinges on one unlikely issue: fertiliser....