CACAO WORLD

 

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  Cocoa Market Report for July 2024 Abidjan, 16 August 2024  – The International Cocoa Organization releases the Cocoa Market Report for  July 2024 . The current report highlights the following insights: As the market enters the last quarter of the season, focus is on the developments of the forward prices for the mid-crop of the 2023/24 season: the JUL-24 and SEPT-24 contracts. Based on the JULY-24 contract, cocoa futures initiated an upward trend in prices during the first week of July. Compared to prices on the first trading day, prices rose by 5% from US$9,352 per tonne to US$9,823 per tonne in London and by 4% from US$7,500 per tonne to US$7,811 per tonne in New York. Issues of supply tightness and stock declines supported the price increase. A year ago, prices were not as high as they currently are. However, reports of improved weather conditions in Côte d’Ivoire and Ghana led prices to slip to US$9,143 per tonne and US$7,720 per tonne in London and New York, respec...

 

 

  SOURCE: What are the Best Cocoa Beans in the World?   Have you ever wondered what makes some chocolate bars taste better than others? Many factors influence the final flavor and texture of chocolate, but one of the fundamental elements is the type of cacao beans used to make the chocolate. Cacao beans come in at least ten different varieties with several subvarieties, but most farmers and cultivators consider the three main types to be forastero, criollo and trinitario. So what are the  best cocoa beans in the world ? Keep reading to find out. https://cococlectic.com/pages/what-are-the-best-cocoa-beans-in-the-world# What Are the Best Cocoa Beans in the World? Chocolate’s story began thousands of years ago in Mesoamerica (present day Central and South America). The first Theobroma (cacao) trees were found over 4,000 years ago in what is now Mexico and Central America. The ancient Olmec people in southeast Mexico were probably the first ones to consume cacao beans. The Az...