cocoa
2015’s Best Commodity Could Turn Into This Year’s Nightmare
©2016 Bloomberg News Isis Almeida (Bloomberg) — Last year’s best-performing commodity is poised to become the market’s worst nightmare. After the longest rally in London cocoa futures since at least 1989, farmers from Ivory Coast to Peru are preparing to revive supplies in the 2016-17 season that starts in October,
In Cocaine-to-Chocolate Shift, Market Forces Lend a Helping Hand
©2015 Bloomberg News NXODN16K50Y6 (Bloomberg) — It was the murder — execution-style, in broad daylight — of a friend and fellow farmer in the Colombian countryside that prompted German Sanchez to finally heed government calls to get out of the cocaine trade and plant cocoa instead. Six years later, market
Bloomberg Business: Commodities Decline Near ‘Exhaustion’ as Hackett Says Buy Rice
Copyright 2015 Bloomberg. NL8WAA6S9728 (Bloomberg) — The commodities fall is near “exhaustion” with wheat, rice and coffee set to rebound, according to Shawn Hackett, president of Hackett Financial Advisors in Florida. The Bloomberg Commodity Index of 22 raw materials closed on Friday at the lowest level since August 2002, capping
