Previous close | 1,669.45 |
Open | 1,699.00 |
Bid | 1,524.65 x 1100 |
Ask | 1,662.55 x 800 |
Day's range | 1,699.00 - 1,699.00 |
52-week range | 1,330.00 - 1,819.35 |
Volume | |
Avg. volume | 33 |
Market cap | 8.658B |
Beta (5Y monthly) | 0.31 |
PE ratio (TTM) | 25.77 |
EPS (TTM) | 58.60 |
Earnings date | 11 Jul 2024 |
Forward dividend & yield | 34.02 (2.25%) |
Ex-dividend date | 08 Jan 2024 |
1y target est | N/A |
Ghanaian cocoa farmers expect a boost in the 2024/2025 season starting in October after a sharp fall in production this season contributed to boosting global cocoa prices to record levels. Ghana witnessed one of its poorest harvests in a decade this season, attributed to harsh weather conditions resulting from El Nino, rampant smuggling and swollen shoot disease. An increase in production would not only help Ghana's finances, but also the global chocolate industry that has been grappling with tight supply.
Ivory Coast cocoa sector regulator will not allow bean grinders to accumulate stocks beyond authorised limits during the main October to March harvest to ensure fair access amid fears of a supply shortage. Cocoa futures have hit record highs due to forecasts for a drop in production, particularly from Ivory Coast and Ghana, the world's top two producers that account for more than 70% of world output. Ivory Coast's main crop is expected to fall by around 25% this season compared with the previous season due to poor weather.