The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Hedge funds go short on cocoa for first time in 4 years

Published Tue, Nov 15, 2016 · 09:50 PM
Share this article.

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here