Enterprise & FinanceCommodities
15 July 2024, 2:09 pm 1 minute
Reuters completely reported that buying and selling homes face losses of no less than $1 billion on cocoa derivatives after main producer Ghana didn’t ship beans this 12 months, forcing merchants to liquidate quick positions in a rallying market.
Market Affect
World cocoa costs soared this 12 months after unhealthy climate, bean illness, smuggling and unlawful gold mining decreased manufacturing and the amount of beans accessible in Ghana, the world’s No.2 producer.
Article Tags
Matters of Curiosity: Enterprise & FinanceCommodities
Kind: Reuters Finest
Sectors: Enterprise & FinanceCommodities & Vitality
Areas: Africa
Nations: Ghana
Win Varieties: Exclusivity
Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Affect: Vital Nationwide Story
