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
槓桿 10:1
保證金 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.

透過 FP Markets 交易股票 CFD 的 6 大理由

An Australian-regulated
forex & CFD broker

做多或做空

提高您在所有市場情況下
盈利的能力
槓桿選項高達 20:1

直接市場准入 (DMA) 執行

即時、透明的股票價格
控制、功能和深流動性
充分的市場深度,在佇列中
看到您的訂單

先進的平臺
& Technology

MT4, MT5, Webtrader & Iress with superior client portal

24/7 多語言
的客戶支援

Award winning support & personal account managers

觸及全球

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

賺取股息

On long positions No ownership of physical shares necessary

開始交易
開始交易

立即開戶

bullet 訪問 +10,000 種金融工具
bullet 自動開倉與平倉
bullet 新聞和經濟日曆
bullet 技術指標 & 圖表
bullet 包括更多工具

提供電子郵箱即代表您同意 FP Markets 的隱私政策,並願意在未來接收來自 FP Markets 的行銷材料。您可以隨時退訂。





Get instant Updates in Telegram
Sitemap | © FP Markets 2022