COCOA

COCOA

Charts by TradingView

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
Hebel-Effekt: 10:1
Marge: 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

Start Trading COCOA
with a Market Leader Today

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.

6 Gründe, um bei FP Markets mit CFDs auf Aktien zu handeln

Australien reglementierter
Forex- und CFD-Broker

Long oder Short

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

Ausführung mit direktem
Marktzugang (DMA)

Transparente Echtzeit-Aktienkurse
Kontrolle, Funktionalität und hohe
Liquidität Volle Markttiefe und
Sicht Ihrer Orders in der Queue

Moderne Plattformen
& Technology

MT4, MT5, Webtrader & Iress with superior client portal

24/7 Mehrsprachiger Support

Award winning support & personal account managers

Globaler Zugang

Niedrige Margins und wettbewerbsfähige Courtagen bei +10.000 Produkten auf globale Aktien in 4 Kontinenten

Kassieren Sie Dividenden

On long positions No ownership of physical shares necessary

Fangen Sie
in wenigen Minuten an zu handeln

Jetzt Konto eröffnen

bullet Zugang zu über 10.000 Handelsinstrumenten
bullet Positionen automatisch öffnen & schließen
bullet Nachrichten & Wirtschaftskalender
bullet Technische Indikatoren & Charts
bullet Viele weitere Tools enthalten

Indem Sie Ihre E-Mail-Adresse angeben, stimmen Sie der Datenschutzrichtlinie von FP Markets zu und willigen ein, dass FP Markets Sie zu Marketingzwecken kontaktieren darf. Sie können diese Mitteilungen jederzeit deaktivieren.





Get instant Updates in Telegram
Seitenverzeichnis | © FP Markets 2022