Abidjan, 16 January 2023 – The International Cocoa Organization releases the Cocoa Market Report for December 2022. The current report highlights the following insights:
- Halfway through the 2022/23 main crop, the crop output in the two top world cocoa producers i.e., Côte d’Ivoire and Ghana, is higher than the levels recorded during the corresponding period of the previous season
- Cocoa merchants and producers increased their net short positions on both sides of the Atlantic over October – December 2022
- At the approach of the expiration date of the DEC-22 contract, the London market was in a strong backwardation while the New York one was in contango
You can download the complete report by clicking here.