https://www.instagram.com/vanessaclarkipaiThis is your Daily Cocoa Price Tracker with Vanessa Clark podcast.Hello and welcome to the Daily Cocoa Price Tracker. I’m Vanessa Clark, and I’m here to break down everything you need to know about the cocoa market today, so you can stay ahead whether you work in the industry or just love chocolate a little bit more than most.Let’s dive right into the numbers. As of October twenty-third, twenty twenty-five, the international price of cocoa has risen again, reaching six thousand three hundred ninety-five dollars per metric ton. That is a jump of just over one and a half percent compared to yesterday’s close, putting cocoa at a two and a half week high. Now, while that sounds strong, it’s important to note that cocoa prices are actually down nine percent over the past month and have fallen about five percent compared to this time last year. That’s a sharp shift compared to the dramatic record highs we saw earlier in the spring, when cocoa futures surged well above twelve thousand dollars per ton.What’s driving these fluctuations? Supply concerns are once again grabbing headlines. In the Ivory Coast, the world’s largest cocoa producer, the main crop harvest has started on a slower note, with reports of poor-quality beans arriving at ports. The pace of cocoa arrivals is down thirty-one percent from last year for this same period in October. Meanwhile, political uncertainty is swirling with the upcoming presidential election on October twenty-fifth. Incumbent President Alassane Ouattara has just bumped the farmgate price, the minimum price farmers receive, which could further influence both supply and market sentiment in coming weeks.On the policy front, the European Union’s new deforestation regulations are adding an extra layer of uncertainty. This week, the EU decided to only slightly postpone enforcement, now aiming for a six-month delay. These rules require strict traceability on cocoa, and the potential for supply disruptions is real if cocoa cannot be proved to come from non-deforested land.Global demand, meanwhile, has shown some weakness this quarter. Grinding data, which is a measure of how much cocoa is being processed, shows that Asian cocoa grindings dropped a hefty seventeen percent in the third quarter, the lowest level for this period in nine years. In Europe, the grind fell nearly five percent — the weakest third quarter in a decade. On the other hand, North American grindings popped up just over three percent. However, analysts point out that this seemingly positive number is influenced by more manufacturers reporting their numbers this year, so it may not reflect a true surge in actual demand.Warehouse inventories are another piece of the puzzle. ICE-monitored cocoa stocks in the United States have dropped to the lowest level in six and a half months, sitting at just under one point nine million bags. That tighter supply helps support current prices, even as forward-looking projections for West African crops are improving, as farmers have reported healthier cocoa pods and better late-summer rainfall.So, what does this mean for anyone watching cocoa prices or working in the chocolate or food business? First, expect continued volatility. Even though prices have come down from this year’s highs, unpredictable weather, evolving political situations, and new regulations could push prices up or down in the months ahead. For chocolate manufacturers and candy makers, it may make sense to review supply contracts and risk management strategies. For anyone grocery shopping, brace yourself: cocoa cost changes can eventually impact the price of your favorite chocolate treats.Watch out for key events over the coming weeks, including results from the Ivory Coast election, harvest updates, and the official EU regulatory timeline. All these will influence the direction of cocoa futures as we head into the end of the year.That’s it from Daily Cocoa Price Tracker for today. If you want to keep getting timely updates on cocoa prices, practical market insights, and what all this means for your business or your taste buds, make sure you hit subscribe and tune in again tomorrow. I’m Vanessa Clark. Thanks for listening, and eat some good chocolate for me tonight.For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI
続きを読む
一部表示
3 分