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per chi segue il cacao
11:44 DJ MARKET TALK: Looming El Nino Could Impact Cocoa Production
Testo: 0941 GMT [Dow Jones] Commerzbank says a climatic phenomenon is looming which is likely to have a particular impact on the cocoa market, as El Nino weather conditions could develop in 2H. These warm the Pacific Ocean and influence weather in large regions of the world, with the ICO calculating that global cocoa output is around 2.4% lower under El Nino due to lack of rain in important areas of cultivation. Commerzbank says such conditions have a particular impact on Indonesia, which could suffer from drought, while insufficient rainfall also threatens to restrict production in Ivory Coast and Ghana. Liffe cocoa futures are little changed, as July trades flat at GBP1,528/ton.
11:44 DJ MARKET TALK: Looming El Nino Could Impact Cocoa Production
Testo: 0941 GMT [Dow Jones] Commerzbank says a climatic phenomenon is looming which is likely to have a particular impact on the cocoa market, as El Nino weather conditions could develop in 2H. These warm the Pacific Ocean and influence weather in large regions of the world, with the ICO calculating that global cocoa output is around 2.4% lower under El Nino due to lack of rain in important areas of cultivation. Commerzbank says such conditions have a particular impact on Indonesia, which could suffer from drought, while insufficient rainfall also threatens to restrict production in Ivory Coast and Ghana. Liffe cocoa futures are little changed, as July trades flat at GBP1,528/ton.
