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Cocoa Futures

The Cocoa Saga Continues - Be Careful

171 Views09 Apr 2024 09:49
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SUMMARY
  • Top Commodity Trader is Long Cocoa Pierre Andurand’s hedge fund bet on higher cocoa prices ahead of a massive surge last month, according to a Bloomberg article.
  • Andurand said his firm expects cocoa-beans production globally to be down at least 18% on an annual basis, compared to most analysts’ expectations of 10-11%.
  • “This means that we will finish the year with the lowest stocks-to-grinding ratio ever, and potentially run out of inventories late in the year,” he added.
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  • The Cocoa Saga Continues - Be Careful
    09 Apr 2024
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