Grace Gitau
Soft Commodities Reporter at Bloomberg News
Proudly Kenyan. Journalist @Bloomberg, Covering everything Coffee, Sugar, Cocoa & Cotton Ex-Reporter @NationAfrica Alumni @MundusJourn Views are my own!
Articles
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1 week ago |
bloomberg.com | Dayanne Sousa |Grace Gitau
Coffee futures swung between gains and losses Tuesday amid heightened volatility as traders mull improving supply prospects for a cheaper bean variety. Arabica coffee, the premium variety traded in New York, dropped as much as 1.1% before erasing losses and climbing 1.5%. The cheaper robusta bean followed a similar trading pattern.
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2 weeks ago |
bloomberg.com | Dayanne Sousa |Grace Gitau
The premium that arabica coffee commands over cheaper robusta is near the highest since late 2011 on increasing concerns over poor supplies of the more expensive variety preferred by specialty coffee chains. Arabica futures climbed as much as 2.2% before erasing gains and losing as much as 3.3%. Still, prices rose the last five straight sessions and are once again nearing a record hit earlier this year.
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3 weeks ago |
bloomberglinea.com | Baudelaire Mieu |Grace Gitau |Ekow Dontoh
Bloomberg — Un aumento dramático en el precio del cacao que irritó a los comerciantes de materias primas y a los fabricantes de dulces está mostrando signos de alivio, y el principal grupo industrial incluso está pronosticando un pequeño superávit global, después de años de escasez. Los amantes del chocolate de todo el mundo serían perdonados por respirar un suspiro de alivio tentativo.
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3 weeks ago |
japantimes.co.jp | Grace Gitau |Ekow Dontoh |Baudelaire Mieu
A dramatic spike in the price of cocoa that roiled commodity traders and candy makers is showing signs of easing, and the top industry group is even predicting a small global surplus, after years of shortages. Chocolate lovers around the world would be forgiven for breathing a tentative sigh of relief. But on the ground in West Africa, among the thousands of smallholder farmers who supply about two-thirds of the world’s cocoa, the reality is far more complicated.
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3 weeks ago |
bloomberglinea.com.br | Baudelaire Mieu |Grace Gitau |Ekow Dontoh
Bloomberg — Um aumento drástico no preço do cacau, que deixou os comerciantes de commodities e os fabricantes de chocolate em polvorosa, tem mostrado sinais de abrandamento, e o principal grupo do setor prevê um pequeno excedente global, após anos de escassez. Na África Ocidental, entre os milhares de pequenos agricultores que fornecem cerca de dois terços do cacau do mundo, a realidade é muito mais complicada.
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The threat of a coming squeeze in Europe’s coffee supplies is stoking volatility as traders worry that a new law to protect forests will curb imports https://t.co/euoTKHBEpE via @markets
RT @business: A new law tracing the origin of cocoa beans threatens to jolt the prices of chocolate, skin-care products and herbal medicine…
Ivory Coast stops a tax incentive for cocoa grinders as it tries to meet the terms of an IMF loan program, dealing a blow to foreign companies that make up the majority of domestic processing. https://t.co/dEstnvyrwp
