Cocoa futures at annual lows! 📉🍫

The prices of cocoa futures contracts have been under significant pressure for a long time, mainly due to signals regarding future supply. A crucial factor for the market today is Ecuador's announcement of a substantial increase in cocoa production, as the country consistently invests in the development of cultivation and improvement of efficiency. Ecuador has several systemic advantages over its competition, which it plans to leverage to produce as much as 650,000 metric tons of cocoa by 2026.

Source: xStation

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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