COCOA BEANS BEGAN TO FALL IN PRICE ON THE WORLD MARKET

According to the latest data from the Confectionery Market Research Center (CICR), the cost of cocoa beans in the world has fallen to a four-year low. As reported in a press release of the Center: "The futures prices on the New York Stock Exchange at the beginning of this week fell to $ 2,052 per tonne, reaching the lowest level since 2013. The price of cocoa futures on the London Stock Exchange (ICE) is the same time, for the first time since September 2013, it collapsed to 1,687 pounds per ton. " This may be due to the excellent cocoa bean crop in Côte d'Ivoire and Ghana, which account for 50% of the world cocoa bean production, as well as the weather situation was due to suitable weather. Due to the high prices of cocoa beans in the ports and warehouses of Côte d'Ivoire, a large number of them accumulate. Prices are set by sellers who do not want to incur losses due to rapidly declining prices. The CECR recalls that the cost of cocoa began to decline very quickly from October 2016, after it has been at maximum levels for almost 2 years over the past decades. In particular, in the summer of 2016, prices on the London Stock Exchange updated the level to 2,400 pounds per ton. At the moment, the demand for cocoa remains stable and without significant changes.