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EXPLAINED: 49 - The Real Truth

Dollar Strength Spurs Long Liquidation in Cocoa Futures

May ICE NY cocoa (CCK23 ) on Tuesday closed down -54 (-1.69%), and May ICE London cocoa #7 (CAK23 ) closed down -26 (-1.15%). Cocoa prices Tuesday posted moderate losses, with London cocoa falling to a 1-week low. A stronger dollar Tuesday sparked long liquidation pressure in cocoa futures. Also,...

Barchart

Cocoa Prices Mixed on Tight Supplies and British Pound Strength

May ICE NY cocoa (CCK23 ) on Monday closed up +32 (+1.01%), and May ICE London cocoa #7 (CAK23 ) closed down -26 (-1.14%). Cocoa prices Monday settled mixed. Cocoa prices Monday found support on smaller cocoa supplies from the Ivory Coast after the Ivory Coast government reported that farmers...

Barchart

Artists Give New Life to Ivory Coast’s Neglected ‘Pyramid’

International and local artists paint giant, colorful murals on the exterior of a 15-storey building in Ivory Coast's commercial capital called "the Pyramid," an architectural gem that fell into disuse 20 years ago. A symbol of Ivorian prosperity in the 1970s and one of the first towers built in the…

Asharq Al-Awsat

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Cocoa Rallies on Strength in Global Cocoa Demand

May ICE NY cocoa (CCK23 ) on Friday closed up +84 (+2.72%), and May ICE London cocoa #7 (CAK23 ) closed up +21 (+0.93%). Cocoa prices Friday extended their five-week rally, with NY cocoa climbing to a 6-3/4 year high and London cocoa posting a 6-1/2 month high. Cocoa prices...

Barchart

NY Cocoa Posts a New 6-1/2 Year High as Global Cocoa Demand Strengthens

May ICE NY cocoa (CCK23 ) on Thursday closed up +8 (+0.26%), and May ICE London cocoa #7 (CAK23 ) closed down -11 (-0.48%). Cocoa prices Thursday settled mixed, with NY cocoa climbing to a new 6-1/2 year high. Cocoa prices have rallied sharply over the past month on signs...

Barchart

Cocoa Prices Close Moderately Higher on Strong Demand

May ICE NY cocoa (CCK23 ) on Wednesday closed up +25 (+0.82%), and May ICE London cocoa #7 (CAK23 ) closed up +1 (+0.04%). Cocoa prices Wednesday extended their month-long rally to new 6-1/2 year highs. Cocoa prices have rallied sharply over the past month on signs of improved cocoa...

Barchart

Cocoa Prices Jump to 6-1/2 Year Highs on Tigher Supplies

May ICE NY cocoa (CCK23 ) on Tuesday closed up +51 (+1.70%), and May ICE London cocoa #7 (CAK23 ) closed up +26 (+1.16%). Cocoa prices Tuesday rallied to 6-1/2 year highs. Cocoa prices have rallied sharply over the past month on signs of improved cocoa demand and tighter global...

Barchart

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Cocoa Closes Moderately Higher on Smaller Ivory Coast Cocoa Supplies

May ICE NY cocoa (CCK23 ) on Monday closed up +19 (+0.64%), and May ICE London cocoa #7 (CAK23 ) closed up +40 (+1.82%). Cocoa prices Monday posted moderate gains, with London cocoa climbing a 6-1/3 year high. Cocoa prices have rallied sharply over the past month, with NY cocoa...

Barchart

NY Cocoa Falls Back on Long Liquidation

May ICE NY cocoa (CCK23 ) on Friday closed down -18 (-0.60%), and May ICE London cocoa #7 (CAK23 ) closed up +12 (+0.55%). Cocoa prices Friday settled mixed, with London cocoa posting a 6-1/3 year high. NY cocoa Friday fell back from a 2-1/3 year nearest-futures high as a...

Barchart

Cocoa Rallies on Robust European Cocoa Demand

May ICE NY cocoa (CCK23 ) on Thursday closed up +48 (+1.62%), and May ICE London cocoa #7 (CAK23 ) closed up +27 (+1.25%). Cocoa prices Thursday closed moderately higher, with NY cocoa posting a 2-1/3 year nearest-futures high and London cocoa posting a 6-1/3 year high. Signs of improved...

Barchart

Long Liquidation Pushes Cocoa Prices Lower

May ICE NY cocoa (CCK23 ) on Wednesday closed down -31 (-1.04%), and May ICE London cocoa #7 (CAK23 ) closed down -30 (-1.37%). Cocoa prices Wednesday erased early gains and retreated as an increase in ICE inventories sparked long liquidation pressures in cocoa futures. On Tuesday, ICE-monitored cocoa inventories...

Barchart

Singapore says unidentified people boarded tanker off Ivory Coast

There was a 20-member crew on the tanker, which has been operating in the West African zone for the past 60 days.

Al Jazeera

Ivory Coast: Are personal freedoms on the decline ahead of local elections?

Several opposition activists were arrested and convicted at the end of February, once again sparking a debate on free speech and freedom of assembly in the country. A few months ahead of municipal and regional elections this autumn, opposition groups and civil society actors are denouncing intimidation attempts and attacks…

France 24

Singapore oil tanker boarded by 'unidentified persons' off Ivory Coast on Monday

A Singapore-registered oil tanker was boarded by "unidentified persons" about 300 nautical miles (555 km) off Ivory Coast in the Gulf of Guinea on Monday, the city-state's authorities said on Tuesday night.

Reuters

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Barchart

Cocoa Prices Soar on Smaller Supplies from Ivory Coast

May ICE NY cocoa (CCK23 ) on Tuesday closed up +63 (+2.16%), and May ICE London cocoa #7 (CAK23 ) closed up +8 (+0.37%). Cocoa prices Tuesday closed moderately higher, with NY cocoa posting a 2-1/3 year nearest-futures high and London cocoa posting a 6-1/3 year high.Smaller cocoa supplies from...

Barchart

NY Cocoa Posts Modest Gains on a Bullish Supply Outlook

May ICE NY cocoa (CCK23 ) on Monday closed up +3 (+0.10%), and May ICE London cocoa #7 (CAK23 ) did not trade with markets in the UK closed for the Easter holiday. NY cocoa prices Monday posted modest gains as signs of smaller cocoa supplies from the Ivory Coast...

France 24

'No funding': Ivory Coast's autistic children lack treatment

Around 1% of the population in Ivory Coast could be affected by autism spectrum disorder (ASD), according to estimates from the World Health Organisation. ASD is an often taboo subject, however, and treatment is hard to come by as the country severely lacks the necessary medical resources to help patients.…

Barchart

Cocoa Prices Strengthen on Smaller Ivory Coast Supplies

May ICE NY cocoa (CCK23 ) on Thursday closed up +16 (+0.55%), and May ICE London cocoa #7 (CAK23 ) closed up +17 (+0.78%). Cocoa prices Thursday posted moderate gains, with London cocoa climbing to a 6-1/3 year nearest-futures high. A weaker dollar Thursday was supportive of cocoa prices. Signs...

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Barchart

NY Cocoa Prices Fall Back on Dollar Strength

May ICE NY cocoa (CCK23 ) on Wednesday closed down -11 (-0.38%), and May ICE London cocoa #7 (CAK23 ) closed up +31 (+1.45%). Cocoa prices Wednesday settled mixed, with London cocoa climbing to a 4-month nearest-futures high. A stronger dollar (DXY00 ) Wednesday weighed on NY cocoa prices, although...

Barchart

Cocoa Prices Rebound as Dollar Weakness Sparks Short Covering

May ICE NY cocoa (CCK23 ) on Tuesday closed up +46 (+1.60%), and May ICE London cocoa #7 (CAK23 ) closed up +17 (+0.80%). Cocoa prices Tuesday posted moderate gains. A slump in the dollar index (DXY00 ) Tuesday to a 2-month low sparked short covering in cocoa futures. However,...

Reuters

In Africa's fields, a plan to pay fair wages for chocolate withers

Ivorian cocoa bean farmer Edouard Kouame Kouadio expects to die poor, despite rising demand for the raw material that feeds the world's insatiable appetite for chocolate.

France 24

Return of the pharaoh: Ramses II's coffin goes on display in Paris

In tonight's edition: Kenya's opposition leader Raila Odinga suspends demonstrations against the ruling administration, saying he's ready for talks with President William Ruto. Also, in a country where stigmas run high, one group of doctors in Ivory Coast is trying to change perceptions of autistic patients. And we unwrap the…

Barchart

Cocoa Prices Retreat as Cocoa Crop Quality Concerns in West Africa Ease

May ICE NY cocoa (CCK23 ) on Monday closed down -65 (-2.22%), and May ICE London cocoa #7 (CAK23 ) closed down -38 (-1.76%). Cocoa prices Monday settled moderately lower. Reduced cocoa crop quality concerns in West Africa have fueled long liquidation in cocoa futures. Ivory Coast and Ghana cocoa...

Barchart

Cocoa Prices Climb on the Outlook for a Smaller Ivory Coast Mid-Crop

May ICE NY cocoa (CCK23 ) on Friday closed up +16 (+0.55%), and May ICE London cocoa #7 (CAK23 ) closed up +29 (+1.36%). Cocoa prices Friday extended this week's rally, with NY cocoa posting a 2-1/3 year nearest-futures high and London cocoa posting a 3-3/4 month high. Smaller cocoa...

France 24

Seven years on, Ivorian beach resort of Grand-Bassam still scarred by deadly attack

Located around 40 kilometres from Abidjan, the Ivorian beach resort of Grand-Bassam has become the symbol a tragedy – that of the first major terrorist attack in Ivory Coast. On March 13, 2016, 19 people were gunned down, including nine foreigners, and about 30 injured. In December 2022, four men…

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