Can you buy cocoa futures?
You can also place an order that will buy cocoa (cocoa. Fut) at a specific price in the future. Trading cocoa futures cocoa futures are traded on the ice exchange under ticker symbol cc in dollars per metric ton.
How are cocoa futures traded?
Trading Cocoa Futures Cocoa futures are traded on the ICE Exchange under ticker symbol CC in dollars per metric ton. Cocoa futures prices rarely follow reliable patterns due to political issues, mainly in Africa. These problems usually control short-term price movement. There are currently three places where cocoa futures contracts can be exchanged: ICE Futures U. S. New York), ICE Futures Europe (London) and CME Europe (London).The current price of london cocoa futures is 4,288 gbp — it has fallen −4. Watch london cocoa futures price in more detail on the chart.Cocoa Futures Hit New 2024-Low On the demand side, upcoming Q3 cocoa grind data for Europe, North America, and Asia is expected to show year-on-year declines, following three consecutive quarters of falling cocoa bean processing across all regions.
Who is the biggest trader of cocoa?
Germany is the biggest cocoa exporter in the world, with cocoa exports worth $7. Olam food ingredients are the biggest cocoa suppliers in the world with an export revenue of $4. Côte d’Ivoire is the world’s leading cocoa producing country.Côte d’Ivoire (the Ivory Coast) is the largest producer of cocoa in the world, producing over 2 million tons a year. About 75 percent of the land in Côte d’Ivoire is suitable for growing crops, and almost half of its citizens work in agriculture, including many children.Côte d’Ivoire is the world’s leading cocoa producing country. Around 2 million tonnes of cocoa are produced in this coastal country. That is approximately 38 % of the world’s cocoa. This industry accounts for 15 % of the country’s gross domestic product.
Why are cocoa futures so high?
Cocoa prices have soared in recent years, hitting record highs amid adverse weather conditions, pest outbreaks and supply tightness in West Africa, which produces around three-quarters of global supply. Gov’t announces cocoa price increase for 2025/2026 season, farmers to get GH₵58,000 per tonne. The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season.Cocoa is expected to trade at 5670. USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4876.
What are the risks of cocoa futures?
Climate Risks Shape Cocoa Futures Increasing climate risks to production means greater costs for buyers. Forced to pay more for cocoa, chocolate companies have adopted various strategies to maintain profitability — overall, passing the price on to consumers. Cocoa is a luxury commodity and a crucial ingredient in many of life’s finer things: from sweets to pharmaceuticals, to various cultural dishes. Its popularity makes it a prominent asset on the stock market, but supply problems, environmental and political issues can sometimes make it an unstable investment.