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Top related persons:
Leonardo Rosseti - 1 Rosseti - 1 Maytaal - 1 Mark Potter - 1 David Gregorio Our - 1
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London West Africa Ivory Coast Ghana West New York
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YORK - 1 Intercontinental Exchange - 1 International Cocoa Organization - 1 StoneX - 1 Refinitiv Commodities Research - 1 Thomson - 1

Search resuls for: "Maytaal Angel Marcelo Teixeira"


2 mentions found


☆ Chocolate-making ingredient cocoa hits highest price in 46 years
  + stars: | 2023-06-28 | by ( Maytaal Angel Marcelo Teixeira | Maytaal Angel | Marcelo Teixeira | ) www.reuters.com   time to read: +2 min
The benchmark September contract for cocoa in London gained more than 2% on Wednesday to 2,590 pounds per metric ton. Prices are rising in reaction to a tight market for cocoa beans, which are mainly produced in Ivory Coast and Ghana. Arrivals of cocoa at Ivory Coast ports for export are down nearly 5% this season. The International Cocoa Organization (ICCO) widened this month its forecast for a global deficit on cocoa supply from 60,000 metric tons previously to 142,000 metric tons. Arabica coffee settled down 5 cents, or 3%, at $1.6195 per lb, while robusta coffee fell $99, or 3.6%, at $2,616 a metric ton.
Persons: Leonardo Rosseti, Rosseti, Maytaal, Mark Potter, David Gregorio Our Organizations: YORK, Intercontinental Exchange, International Cocoa Organization, StoneX, Refinitiv Commodities Research, Thomson Locations: London, West Africa, Ivory Coast, Ghana, West, New York
☆ EXCLUSIVE Brazil coffee defaults spike for second year in a row
  + stars: | 2022-11-01 | by ( Maytaal Angel Marcelo Teixeira | Maytaal Angel | Marcelo Teixeira | ) www.reuters.com   time to read: +4 min
The defaults, though less widespread than last year, have scrambled the coffee market, leaving traders reluctant to agree to forward sales for next year's crop or the one after. "We've been told to have less exposure with (Brazilian farmers). However, when farmers default, traders do not have the physical coffee to sell to offset the futures market. That's what happened in September, when Arabica coffee futures rose from around 2.16 cents per pound to 2.32 cents late in the month, a 7% increase. A lawyer working for one of the five largest coffee exporters in Brazil said the defaults concerned less than 10% of Brazil's total forward contracts.
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