Abidjan, 24 January 2022 – The International Cocoa Organization today releases the Cocoa Market Report for December 2021. The current report highlights the following insights:
- Arrivals and purchases of cocoa beans from the two-top producing countries were reported to be down by 4% in Côte d’Ivoire, and a staggering 54% in Ghana.
- Compared to their settlement values recorded during the first trading day of December, prices of the MAR-22 contract moved upwards on both sides of the Atlantic, increasing by 6% from US$2,181 to US$2,304 per tonne and by 8% from US$2,342 to US$2,530 per tonne in London and New York respec¬tively.
- The annual average of the US-denominated ICCO daily price stood at US$2,427 per tonne, up by 3% compared to level reached the previous year.
You can download the complete report by clicking here.