Cocoa Long. The striking world production of cocoa comes from Ghana and Côte d’Ivoire. There will now be a situation where processors from Europe and the US will no longer receive confirmation if cocoa is grown in a sustainable way. In this way, producers are pushing for premiums to increase. This is a pressure that has increased the price of the final product in the past. Another impetus for growth is certainly the calm regarding the outlook for the effects of the coronavirus crisis, when the vaccine is already in the world. Technically, we have seen a correction as part of last week’s growth, so speculators have a better entry price.
Chart and table source: WebTrader