Singapore markets closed

Cocoa Mar 22 (CC=F)

NYBOT - NYBOT Delayed Price. Currency in USD
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2,320.00-115.00 (-4.72%)
As of 09:40AM EST. Market open.
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Pre. SettlementN/A
Settlement date2022-03-16
Open2,450.00
Bid2,466.00
Last price2,435.00
Day's range2,435.00 - 2,477.00
Volume16,485
Ask2,467.00
  • Reuters

    India's palm campaign has hard row to hoe with water, seedlings scarce

    Tractor convoys trundled thousands of oil palm seedlings to new homes on farms across southeastern India this month, as the world's top importer of edible oil rolls out an ambitious $1.5-billion plan to boost output. Record prices of palm, and new government promises of payouts even if Indian prices slump, are driving the effort, which aims to lift domestic output sharply within a decade from a tiny level now. "The return on oil palm will at least be double that of rice and banana, and it is far less labour-intensive," said B. Brahmaiah, one of the hundreds of farmers nationwide who are racing to switch from the usual staple crops, such as rice.

  • CoinDesk

    IBM, Heifer International to Assist Honduras Farmers Access Global Markets Using Blockchain

    IBM's Food Trust network will help coffee and cocoa farmers and buyers verify information on their supply chains.

  • Reuters

    More than beans: Nestle recycles cocoa fruit waste to replace sugar in chocolate

    As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its "Incoa" bar. Using cocoa fruit pulp, which is normally discarded, to flavour products reduces sugar and cuts food waste while boosting the income of cocoa farmers who can "upcycle" their cocoa by selling both the pulp and the beans. "This is a big launch, we give it to all the customers who want it and don't limit supplies," Alexander von Maillot, Nestle's global head of confectionery, told Reuters this week.