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BMI hikes cocoa price forecast as production-related concerns remain (Commodity:CC1:COM)

Jan. 23, 2025 6:00 AM ETCocoa Futures (CC1:COM)FLWS, MDLZ, CAG, RMCF, SJM, TR, JJSF, LDSVF, RSGUF, BYCBF, NSRGY, OLGPF, SMPLBy: Arundhati Sarkar, SA News Editor
Chocolate bar, cocoa powder, cocoa beans and cocoa pod

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BMI (a unit of Fitch Solutions) on Thursday revised up its price forecast for ICE-listed second-month cocoa futures to $7,600/tonne from $5,900/tonne, as it expects prices to remain above historical averages in 2025.

The upward revision to prices is linked to concerns about production

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2025-01-23 05:00:01

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