World Perspectives
softs

Cocoa Market Update: Prices Rise as Stocks Fall

At the end of July 2024, WPI published an article looking at the drivers of the cocoa market’s massive rally in 2023 and 2024 and that offered an outlook for MY 2024/25. This article offers a brief update on market conditions and developments that have occurred in the two months since our last analysis.   Short-Run Dynamics ICE cocoa futures have rallied sharply this week with the March contract up $669/MT amid tighter global stockpiles, currency dynamics, and West African cocoa production. ICE-monitored cocoa inventories in U.S. ports have been trending lower for the past 15 months and hit a 15-year low on Tuesday at 1.998 million bags. London cocoa futures also added to their gains this week when the British pounds slipp...

Related Articles

Old World Order; People Not Plants; Tariff Refunds

Old World Order The geopolitical impacts of the war on Iran continue, but Wall Street recovered today, aided by strong employment data. Iran announced a ban on food exports to protect its own food security. The measure will impact sales of saffron, pistachios, dates, and other products. While o...

FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s flour exports in 2025, at 2.36 MMT, were back up close to 2019 levels but well below the five-year average of close to 3.0 MMT. Exports were low due to drought and Turkey’s export restrictions. Shipments of fl...

Old World Order; People Not Plants; Tariff Refunds

Old World Order The geopolitical impacts of the war on Iran continue, but Wall Street recovered today, aided by strong employment data. Iran announced a ban on food exports to protect its own food security. The measure will impact sales of saffron, pistachios, dates, and other products. While o...

FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s flour exports in 2025, at 2.36 MMT, were back up close to 2019 levels but well below the five-year average of close to 3.0 MMT. Exports were low due to drought and Turkey’s export restrictions. Shipments of fl...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The latest crop update from the EU Commission’s MARS crop monitoring division reported “broadly satisfactory” conditions across much of the bloc through February. Persistent frost in parts of northern and eastern Europe is a concern for the winter crops, pa...

Image
From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up