Global

Cocoa cartel's Brussels boycott signals higher prices

  • The world's leading cocoa producers, Cote d'Ivoire and Ghana, shunned the global cocoa meeting in Belgium

  • This signals a strengthening of the emerging cocoa bloc, the CIGCI, with Nigeria and Cameroon both looking to join

  • The bloc's unified power (70% of global supply) implies higher cocoa prices, which is positive for the producers

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
November 4th, 2022
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

Research ratings explanation and full Tellimer disclaimers