Cocoa LDN price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Cocoa is the primary ingredient in chocolate and is used in various food and cosmetic products.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Cocoa LDN refers to cocoa futures contracts traded on the ICE Futures Europe exchange in London. Cocoa LDN are futures contracts based on the price of cocoa, the primary ingredient in chocolate. Cocoa is primarily grown in tropical regions, with Ivory Coast and Ghana as the largest producers, accounting for over half of the world’s cocoa supply. The London market is one of the two main global benchmarks for cocoa trading alongside New York.
Cocoa prices are influenced by several factors, including supply and demand dynamics, weather conditions in major growing regions, and political stability in producing countries. Disease and pest issues affecting cocoa trees can also significantly impact supply. On the demand side, global consumption trends of chocolate and other cocoa-based products play an important role.
The cocoa market can be particularly volatile due to its concentration in a few producing countries. Currency fluctuations, especially in the pound sterling and euro, can affect Cocoa LDN prices. Additionally, speculative activity in the futures market and changes in inventory levels at ICE-approved warehouses can influence short-term price movements.
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