Agriculture & Food Fine Aroma Cocoa chocolate cocoa cocoa processing plant organic cocoa organic cocoa farm chocolate export International Commerce price exports international price production Barry Callebaut Ministry of Agriculture and Livestock (Costa Rica)

Cocoa Prices Still Rising

The grain was quoted on the commodities exchange in New York in the week of July 21st at $3,234 per ton, the highest value in the last three years.

Friday, July 25, 2014

Growing global demand, driven by the sustained increase in of chocolate consumption in Asia is the main trigger for the rising price of the grain in commodity exchanges around the world.

"...Although crops are abundant in West Africa, the largest producing region, demand outstrips supply. But according to German analysts from Commerzbank, speculators have also pushed up prices. "

Estrategiaynegocios.net reports that "...At the beginning of July the grain had already reached its highest level since the summer of 2011, and so far this year it has progressed to 15% in London and 18% in New York. In 2013 alone the price of cocoa rose by 25%. "

Source: Estrategiaynegocios.net

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Cacao Production Will Keep Rising In 2015

December 2014

Projections are that next year's global grain production will remain insufficient to meet the growing demand, raising the international price to historically high levels.

In the international market the price of cocoa reported a 10% increase up to September this year, reaching $3.39 per ton of grain in the stock market in New York. It is expected that this trend will continue in 2015 due to high demand for the product.

Excellent Prospects for Cocoa

July 2014

Projections are for a deficit of 1 million metric tons globally in 2020 due to the rapid growth in demand for chocolate in Asia.

The growth in demand for chocolate in Asia has made the future price of cocoa soar on the international market, which on July 3 reached $3,097 a tonne on the ICE futures market, the highest level since August 2011.

Global Demand for Cocoa Beans

May 2014

It is estimated that in Asia alone demand for the grain will increase between 5% and 9% in the next four to five years, opening up opportunities for high quality cocoa for america producers.

Encouraged by the deficit of about 175,000 tonnes in the last world harvest, the return of traditional consumers in Europe and the United States and increasing consumption in emerging countries, cocoa prices rose by 25% in 2013 and continued to rise in early 2014, reaching a cost per ton of £1,900 ($3.200 U.S. dollars) in London and more than $3,000 in New York.

Price of Cocoa Rose 24% In 2013

December 2013

It is estimated that in 2014 it will rise by another 14% due to growth in global demand, specifically generated in Asia.

An article by Bloomberg.com reports that "global cocoa stocks are on route to having the most prolonged deficit in more than 50 years as demand for chocolate soars in Asia."