The cacao tree has special climatic requirements and can only be grown in the warmest regions of the world. Therefore, just north of the equator, the West African coast alone supplies more than two-thirds of the world’s production. The main growing country in Africa is the crisis-ridden Ivory Coast. Therefore, in addition to climatic disturbances, political unrest also regularly causes price fluctuations. The cocoa markets are therefore particularly volatile.
Trade data on Cocoa
Product symbol: CC
Trade: ICE (Intercontinental Exchange)
Contract size: 10 metric tons
Trade price: USD per metric ton
Minimum trade movement: 1 USD per ton
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