Hedge funds go short on cocoa for first time in 4 years
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
HEDGE funds have finally lost their appetite for cocoa. As traders from Cargill Inc to Olam International Ltd forecast good crops this season, funds turned bearish for the first time in more than four years, according to data published by ICE Futures Europe.
Barry Callebaut AG, the world's largest maker of bulk chocolate, forecasts a surplus for this season; and Rabobank International Ltd said that excess supplies could last into 2017-18.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
