Cocoa

Cocoa Plunge, Mutinous Army May Widen Ivory Coast Deficit

Tumbling cocoa prices and unscheduled payments to civil servants and mutinous soldiers in the past two months could widen Ivory Coast’s budget defici...

Valentine’s Chocolate Gets Cheaper As Global Cocoa Supply Swells

Buying your sweetheart a box of Valentine’s Day chocolates could be cheaper this year thanks to booming cocoa supplies. Growers are collecting big...

Cocoa Rout Raises Concern Some Farmers Will Return To Cocaine

The worst cocoa price rout in more than 17 years is raising concern that farmers in South America may quit growing the raw material used in chocolate, and...

Ivorian Cocoa Piles Up at Ports As Shippers Halt Purchases

Cocoa is piling up at ports and warehouses in Ivory Coast, the world’s biggest producer, after a plunge in futures prices prompted some exporters to...

Go Ahead, Splurge on Christmas Chocolate as Cocoa Plunges

Cocoa prices are spiraling lower, making chocolate cheaper just in time to stuff those Christmas stockings even more full of treats. Futures in New York...

Funds Go Short On Cocoa For First Time In Four Years On Surplus

Hedge funds have finally lost their appetite for cocoa. As traders from Cargill, Inc. to Olam International Ltd forecast good crops this season, funds t...

World’s Biggest Cocoa Grower Is Wiping Out Its Rainforests

After disease ravaged his cocoa farm, Philippe Zongo walked into one of West Africa’s last remaining rainforests to hack out new acreage. Like tho...

Africa’s Biggest Cocoa Farm Takes Shape In Central Ivory Coast

In central-eastern Ivory Coast, a cocoa plantation that will be Africa’s biggest, spanning an area equal to about 3,000 soccer fields, is taking shap...