Cocoa pods usually take 5–7 months to mature. Over the past six months, conditions have been relatively dry, yet some cocoa-related news seems to overlook this factor and overlook the recent weeks rain. I’m closely watching how this will affect the upcoming harvest. In my view, current price levels don’t reflect the impact of these conditions and due to thet, giving a bullish signal.
2024/2025 Mid-harvest estimates were too optimistic, as an example in Ivory Coast +9% compared to the actual. The key question is whether this pattern of over-optimism is repeating.
2024/2025 Mid-harvest estimates were too optimistic, as an example in Ivory Coast +9% compared to the actual. The key question is whether this pattern of over-optimism is repeating.
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