Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Traders face $1 bln loss on faltering Ghana cocoa supply  | Reuters News Agency

Posted on July 15, 2024 By Admin No Comments on Traders face $1 bln loss on faltering Ghana cocoa supply  | Reuters News Agency


Business & FinanceCommodities

15 July 2024, 2:09 pm 1 minute

Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market. 

Market Impact

Global cocoa prices soared this year after bad weather, bean disease, smuggling and illegal gold mining reduced production and the volume of beans available in Ghana, the world’s No.2 producer.

Article Tags

Topics of Interest: Business & FinanceCommodities

Type: Reuters Best

Sectors: Business & FinanceCommodities & Energy

Regions: Africa

Countries: Ghana

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



Source link

World

Post navigation

Previous Post: ‘House of the Dragon’ recap: Battle of wills
Next Post: ITR Filing AY 2024-25: What Are The Income Tax Slabs For FY 2023-24 In New & Old Regime? Check Tax Rates Here

More Related Articles

Former ambassador says Ukraine victory is key to countering China, Russia World
JPMorgan CEO Jamie Dimon to visit Africa in growth push | Reuters News Agency World
Who is Matthew Livelsberger? What we know about the Tesla Cybertruck explosion suspect World
Wisconsin state agencies, university system failed to track DEI spending, audit reveals World
Trump says daylight saving time is ‘costly’ and needs to go World
Bangladesh army chief announces interim ‘coalition’ government – SUCH TV World

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Punjab collects Rs66.4b revenue in Q1 | The Express Tribune
  • Jennifer Lopez says challenging “Kiss of the Spider Woman” role is something she’s “wanted to do my whole life”
  • Pakistan to Bowl First Against Australia in ICC Women’s Cricket World Cup – SUCH TV
  • New Zealand’s Coastal Waters Heating Up Faster Than World Average – SUCH TV
  • Taylor Swift clarifies she didn’t talk about her engagement at Selena Gomez’s wedding

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme