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Cocoa trading at 9748.534 USD/T on Thursday, June 12, a 168.013 USD/T (1.75%) increase from 9580.521 on the last trading session.
Quick Summary
- Growth & Demand: Favourable but watch for cost-of-living backlash.
- Inflation/Interest: Cost pressures tighten supply; high rates restrain demand.
- Currencies: USD trends still vital, but historical relationships have shifted.
- Policy/ESG: Tariff/tariff risk + sustainability regulations could tighten supply.
- Speculation: Financial markets continue to amplify swings.
Cocoa arrivals in Cote d’Ivoire have slowed down in the first week of June, according to analysts, with 1.8 million metric tons (MMT) being sent by Ivorian farmers to ports.