Conjecture about crops in the top grower benefiting from strong rainfall last week pulled cocoa futures to their lowest value in seven days on Friday, Bloomberg reports.
The reduced amount of coffee supplies in Indonesia prompted exports from the nation's top growing region to fall 40 percent last month, Bloomberg reports. Three provinces – Lampung, South Sumatra and Bengkulu – saw exports fall to 12,337 metric tons in March after having checked in at 23,912 tons during the month prior, the trade… Read more.
One of the globe’s largest exporters of cocoa beans likely dropped shipments for a fourth consecutive year in 2012 because of strong demand issued by local grinders, a growers’ group told Bloomberg. Exports from Indonesia, which trails only the West African nations of Ivory Coast and Ghana, are poised to drop 26 percent this year to amount… Read more.
Gold has been coveted for centuries for its unique blend of rarity, beauty, and near indestructibility. The Egyptians mined gold before 2,000 BC. The first known, pure gold coin was made on the orders of King Croesus of Lydia in the sixth century BC.
Cocoa is the common name for a powder derived from the fruit seeds of the cacao tree. The Spanish called cocoa “the food of the gods” when they found it in South America 500 years ago. Today, it remains a valued commodity.
The 13 percent gains enjoyed by coffee futures during the past five trading sessions is likely to continue amid the reduced amount of exports from Vietnam, the globe's top producer of robusta coffee, an analyst with Rabobank International told Bloomberg. "The market could see levels as high as $2,150 a ton due to a large… Read more.
Part Three: The Big 3 When trading the corn, soybean, or wheat market, it is important to know the fundamental factors that determine their prices. Knowing how much is planted, when it is planted, how much is produced, the many uses of each market, and who buys the specific market are factors that have a… Read more.
Labor disputes at copper mines pushed up the industrial metal's futures on Thursday, Bloomberg reports. The support that German Chancellor Angela Merkel and French President Nicolas Sarkozy offered to Greek Prime Minister George Papandreou also helped drive up the value of the reddish metal. The three leaders conducted a Wednesday evening teleconference during which Merkel… Read more.
New concerns about the sovereign debt crisis tearing through the euro zone drew down copper futures on Tuesday as raw material demand slipped with optimism about prospects of the global economic recovery, according to Bloomberg. Forex pros reports the industrial metal dropped in value on Monday, which was a federal holiday in the U.S. Following… Read more.
Declining crop amounts in Brazil and increased demand from China and Indonesia will push up sugar futures 6 percent by December, Bloomberg reports. The sweetener might strike 29 cents per pound according to a Bloomberg survey of exporters, importers and traders. Higher priced sugar could be in danger of curbing inflation for policy makers and… Read more.