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Thursday, July 9, 2020

Ivorian cocoa arrivals seen at 725,809 T by Nov 30

ABIDJAN (Reuters) - *Cocoa arrivals at ports in top grower Ivory Coast reached 725,809 tonnes between Oct. 1 and Nov. 30, CCC data showed on Wednesday, up about 48 percent from 551,020 tonnes in the same period last season. *Previously, exporters had estimated around 689,000...

London July cocoa expiry sees 18,450 tonnes tendered

LONDON, July 17 - A total of 18,450 tonnes of cocoa was tendered against the ICE July London cocoa contract, exchange data showed on Tuesday. The delivery against the July contract, which expired on Monday, was mostly made up of 11,680 tonnes of cocoa from...

NSE Lifts Suspension on Shares of FTN Cocoa Processors Plc

ASI Down 9%; NIBOR Moves in Mixed Directions … The Nigerian equities market tanked by 9%, reversing yesterday’s gain, on renewed sell-offs to close the week red At the end of trades, there were 19 losers against 18 gainers while on a year- to-date basis,...

Ivory Coast cocoa farmers unworried by low rainfall

ABIDJAN (Reuters) - High soil moisture content has protected Ivory Coast’s cocoa crops from below-average rainfall last week, farmers said on Monday, maintaining their hopes for an abundant main crop next season. Ivory Coast, the world’s top cocoa producer, is wrapping up its April-to-September mid-crop...

Nigeria’s South West State seeks AfDB partnership to boost cocoa output

Nigeria's South West State's Governor Oluwarotimi Akeredolu of Ondo state seeks to partner the African Development Bank, (AFDB) to accelerate the development of cocoa production in the state, made the remarks while addressing the management of the bank in his office in Akure recently. The...

London March cocoa expiry sees 120,120 tonnes tendered

LONDON, March 17 (Reuters) - A total of 120,120 tonnes of cocoa was tendered against the ICE March London cocoa contract, exchange data showed on Friday. The delivery against the March contract, which expired on Thursday, was mostly made up of 90,450 tonnes of cocoa...

Good news for African chocolate lovers as Ghana said to produce biggest cocoa crop in 3 years

Accra: Ghana has recorded its biggest cocoa harvest in three years, according to two people familiar with the matter, after better weather conditions boosted output in the world’s second-biggest cocoa grower. Graded and sealed deliveries from the so-called main crop, the larger of two...

Nigerian local cocoa processors near bankruptcy as bank takeover assets

FTN Cocoa Processors Plc is facing a threat to its continuity as its bankruptcy issue heightens. The firm, which has not held any Annual General Meeting or declared dividends for the past two years, explained in a statement to the Nigerian Stock Exchange on Wednesday...

DOUALA, Aug 2 - Cocoa bean arrivals at Cameroon’s main port of Douala stood at 223,413 tonnes by May 31 from the start of the season in August, down 10 percent on last season owing to growing violence in its Anglophone region, the cocoa...

Nigeria’s cocoa exports to drop by $100m over rising price in futures market.

Based on the global cocoa price at the future market, Nigeria is predicted to lose $100 million in cocoa export, experts tell Naija247news. Cocoa is among Nigeria’s leading agricultural exports and constitutes 2% of its exports annually. It is the country‘s third largest export...
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