You may not know this but two-thirds or 60% of the world's supply of cocoa beans come from West Africa each year.
This includes the Ivory Coast and Ghana (2nd biggest cocoa producer).
Just to put it into perspective, Ghana's cocoa sector employs over 800,000 rural families. It also produces around R33.58 billion in foreign exchange.
This year we've seen a major slump in cocoa prices.
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While you're enjoying the summer sun and clear skies back in SA paradise…
I'm afraid I'm not.
I'm trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade.
And surprise, surprise, cocoa popped up on my radar…
Here are three reasons why I'm buying cocoa and where I expect it to head next.
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Commodities have had it hard over the past few years. The vast majority are struggling not to sink lower in price.
But there is an exception. And this is cocoa.
Cocoa is rising in value. And it looks like it has a lot further to rise.
Let's take a closer look…
The case for cocoa
Have a look at the chart below showing the performance of different commodities over the... ››› more
We all love a good chocolate from time to time. Its sweet delectable taste… Its rich creamy texture…
What's not to like?
But lately, I've found a different reason to love chocolate.
You see, chocolate - or more accurately, its key ingredient - has the potential to make you a hefty profit.
That's because, right now there's a perfect storm about to send Cocoa prices through the roo... ››› more
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