traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

COCOA/USD CASH Trading

Cocoa History

Cocoa, popularly known for producing chocolate, is a highly traded commodity. Cocoa was used by ancient tribes as early as 600AD and exported to Europe in 1585, and it has a rich and interesting history. Today, it attracts investors almost as much as chocolate lovers, with the cocoa market reportedly worth more than $2.1B (USD).

What are the different cocoa varieties?

Cocoa varieties are three, with the most common type being Forastero which accounts for roughly 80% of production. The other two types of cocoa are Criollo, the rarest variety, and the Trinitario, a hybrid cocoa bean that ranges between average and superior quality. If the quality of the bean is high, it means it has better taste and a higher market price.

Which are the top cocoa-producing countries?

There are three top cocoa producers: West African countries like Cote d’Ivoire (Ivory Coast), Ghana, and Latin American countries like Brazil and Ecuador. The most responsible for the majority of cocoa production globally is West Africa.

What can move the price of cocoa?

The price of cocoa can be affected by factors such as changing weather conditions, distribution costs, geopolitics, global health issues and the strength of the US dollar. Also, the price of cocoa is moved by factors that relate to supply and demand.

Cocoa News

Cocoa futures traded around $2500 (USD) an ounce as traders weighed expectations of lower global demand against supply constraints. The Russian invasion of Ukraine will probably decrease the consumption of goods like chocolate and coffee as there will be restrictions on travel and airports where most of the sales occur. This follows a time when the demand for chocolate and coffee is still recovering from the COVID-19 pandemic. Additionally, farmers worry that the continuous lack of rains in the top growing regions of the Ivory Coast will damage the quality of beans and could reduce the size of the April-to-September mid-crop.

Cocoa / USD Cash CFD Forex Chart
Instrument: Cocoa / USD Cash CFD
Spread: 0.04
Leverage: 10:1
Margin: 0.1
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -.20 %
Overnight Interest (daily) Buy: -20%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: COCOA

Cocoa trading FAQ

Although cocoa is one of the world’s smallest soft commodity markets, it has international implications on food and candy producers and the retail industry. Cocoa prices displayed in Trading Economics are based on over-the-counter and CFDs financial instruments.

Why Trade Cocoa Trading with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Start Trading
in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.




Source - database | Page ID - 4538

Get instant Updates in Telegram