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Latin American Farmers Join the Cocoa Rush, FT Reports

Cocoa farmers in Latin America are rapidly expanding their operations as prices for the key ingredient in chocolate hit record highs due to a global supply shortage, according to a report by the Financial Times. The report highlights the surge in cocoa planting in countries such as Ecuador, Brazil, Peru,
Latin American Farmers Join the Cocoa Rush, FT Reports

India's Sugar Consumption Heats Up Amidst Election Fever and Scorching Temperatures

India's sugar consumption is expected to reach record highs this year as a confluence of factors, including a blistering heat wave and ongoing elections, drive up demand, according to a report by the Economic Times. The report highlights the significant role of summer weather in boosting sugar consumption

Cocoa Prices Soar Amidst Production Decline in Major Growing Nations

The global cocoa market is experiencing a significant surge in prices, driven by a substantial decline in production from the top two cocoa-producing countries, Côte d'Ivoire and Ghana. According to the International Cocoa Organization's (ICCO) latest monthly report, prices have skyrocketed by 47% in London and
Cocoa Prices Soar Amidst Production Decline in Major Growing Nations

Cotton Futures Plummet, Dampening Growers' Hopes | Cotton Grower

As reported by Cotton Grower, cotton futures prices have taken a nosedive, falling below 82 cents per pound. In the past 12 trading days, December 2024 futures have lost over 5 cents, closing at just over 79 cents on April 17. Don Shurley of Cotton Grower notes that while export

Philippines Ample Sugar Stocks May Eliminate Import Need | Philstar

The Philippines may not import sugar in 2025 due to ample stocks from previous imports and steady production, according to the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) in Manila, as reported by The Philippine Star. USDA-FAS Manila projects the country will produce 1.85 million metric tons of

US Sugar Supply on the Rise with Increased Imports

The U.S. sugar supply for 2023/24 is expected to increase, despite a decrease in domestic production, according to a recent report from the U.S Department of Agriculture. The report forecasts a rise in imports, particularly from sources other than Mexico, to compensate for the lower domestic output.

Mexico's Sugar Production Falls to 25-Year Low

Mexico's sugar industry is facing significant challenges, with production expected to hit a 25-year low in 2023/24, according to the USDA's April report on sugar and sweetners. This decline is attributed to a combination of unfavorable weather conditions, rising input costs, and reduced harvested area.

Barry Callebaut Invests in Cocoa Farming Amid Price Surge

Swiss chocolatier Barry Callebaut AG launches an initiative to invest in cocoa farming as prices for the key chocolate ingredient soar, squeezing profits for confectioners. The company is piloting and developing best practices in sustainable cocoa farming in Brazil and Ecuador, it said in a statement on Thursday. The initiative

Cocoa Futures Hit Record High Amidst Processing Surge | Bloomberg

Cocoa futures hit a record-breaking $11,722 per ton on Friday, defying a global shortage and skyrocketing prices, reports Bloomberg. This surge comes despite concerns about a supply crunch. Data reveals North American chocolate processing ("grinds") rose nearly 4% in the first quarter compared to last year. Similar

Cotton Market Faces Headwinds as Prices Fall

Cotton futures saw another week of decline, with December contracts reaching a low of 77.26 cents per pound, according to Cotton Grower. While the July contract remained above 80 cents, the overall market trend points towards weakness. "The cotton on-call statistics fail to support any bullish attitude for