cocoa-futures-prices-seleuss

[cocoa-futures-prices-seleuss]

SELEUSS (05-06-2024) COCOA CHOCOLATE PRICES

Looks like the delay in cocoa/cacao purchasing is forcing the opportunistic hedge funds to close their positions early.

Around the November-December 2023 period, the Cocoa prices were around $4000 / MT. Prices are still around double currently and looks to stabilize around Q3-Q4 2025 and most likely in early 2026.

https://www.marketwatch.com/investing/future/cc00

[cocoa-futures-prices-seleuss]

(05-01-2024) SELEUSS - COCOA CHOCOLATE PRICES UPDATE

Some good news on cocoa/cacao prices! Looks like the increase in export for Nigeria in March has given relief to the global cocoa futures. Lets hope this will be reflected in our regional chocolate distribution prices in the next few months!

See links below for more detailed information.

https://www.marketwatch.com/investing/future/cc00

[cocoa-futures-prices-seleuss]

(04-26-2024) SELEUSS - COCOA CHOCOLATE PRICES UPDATE

Above is a screen capture of the CC00 or Cocoa Continuous Contract price and as you can see, its currently at $10,722 per MT. Versus $3,794 back on 11/01/2023. That is a 182% increase since the holidays!

As per our previous posts, our ingredients costs have also gone up tremendously since Q3 2023 and much more since the global pandemic shutdown in 2020. BTW, we were closed for 7 months back in 2020, from March to October and what a ride it has been the last 4 years!!

As you can see in the contract pricing chart above, the future prices are expected to come down around Q3 2024 and much more by Q4 2025, however, but not down to Q4 2023 prices. The December 2025 contract at the current $7400 is almost double of the November 1st 2023 close at $3794. Therefore, we do not expect cocoa/chocolate prices to fall back to 2023 Holiday prices anytime soon...

Here are SELEUSS, rather than cutting costs, reducing chocolate bar sizes and weights, and filling your truffles with more sugar (ie Caramels) or cheaper milk chocolates, we will be maintaining our standards, however you will be seeing gradual and inevitable increases in the price of our chocolates... :/

https://www.marketwatch.com/investing/future/cc00

[cocoa-futures-prices-seleuss]

SELEUSS - COCOA FUTURES - CHOCOLATE PRICES

(04-26-2024)

Since we posted about the expected increase in cocoa/cacao/chocolate price in Q2 of 2024 back in February 2024, 2 months later, the prices have really gone up!!

from our (04-24-2024) post on Facebook:

"well... just FYI, cocoa prices have doubled and almost tripled since the beginning of the year.... ugh. and looks like the prices wont be going down until Q3/Q4 of 2025, but not to 2023 prices. Looks like around $7000/mt, which is x2 of 2023 averages. see link below from MarketWatch for futures contracts. / Was ordering more cocoa butter last night and the prices from my 2 main suppliers have doubled since March 2024, or more than tripled since November 2023."

https://www.marketwatch.com/investing/future/cc00

[cocoa-futures-prices-seleuss]

(04-26-2024) SELEUSS - COCOA FUTURES - CHOCOLATE PRICES

We posted the above note to our customers on Facebook back on 2/22/2024, to alert them to potential increase in cocoa/cacao/chocolate prices coming in 2024.

"well.... as you may have heard in the news, cocoa / chocolate prices are going up! due to the cyclical El Nino weather effects, the harvest in Africa in late 2023 was not a particularly good one, and as reflected in the pricing below, some of our core ingredient prices have jump significantly. one of the organic chocolates we use, the price jumped up 34% between 12/5 and 12/24. and now the hedge funds are getting into the feeding frenzy... we expect wholesale food distributor prices to raise considerably by Q2 of 2024. will keep everyone posted."