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Across Your Markets

Change in commodity futures prices in 2018: Cocoa (+28%); Wheat (+17.9%); Maize (+6.9%); Natural gas (-0.4%); Gold (-2.1%); Soyabeans (-2.1%); Cotton (-8.2%); Rough rice (-13.6%); Platinum (-14.8%); Arabica coffee (-19.3%); Brent crude oil (-19.6%); Copper (-20.3%); Sugar (-20.3%);     LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years

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Friday, February 15, 2019

Softs

Intégrer la consommation du café dans les habitudes alimentaires

by Auguste Aouti-Communications officer (chargé de communication) at the inter-African Coffee Organization, Côte d’Ivoire KALDI, un jeune berger Ethiopien, a constaté un jour que la consommation des vives petites baies rouges qui poussaient dans la brousse aux alentours par son troupeau avait un effet énergisant sur lui. Il en mâcha à son tour quelques-unes et

Côte d’Ivoire’s Eurobond: The elephant in the room

A mammoth deal: Côte d’Ivoire, the world’s top producer and exporter of cocoa, has issued a $2.1 billion Eurobond, in what is the biggest recorded euro issuance from an African government. The maturity of the bond is split, with tranches due in 2030 and 2048. Market data indicate this is the second biggest EUR Eurobond offering

From Noha Nyamedjo and Transmar to Itochu: An unrelenting cocoa market exposes trader’s soft underbelly

Franc view: Cocoa’s implacable market has claimed a scalp in the name of Japanese trader Itochu Corp, via its partnership with the Transmar Group. Transmar currently faces a precarious financial situation which could impact its other investments along the West African cocoa belt, most recently the cocoa processing unit in Douala, Cameroon – Noha Nyamedjo

Cocoa markets: It never rains, it pours and pours

Franc view: In October 2016, franctrade.com forecast a bearish cocoa market, with significant downside risks anticipated in the second half of the season (see article). While the collapse in cocoa market futures may now appear overdone, particularly given fledgling political risks in the West African region, we retain our base case that markets may have

Olam – a bellwether for Africa’s commodity markets

Comments from Olam’s management at its recent Q3-2016 earnings teleconference acutely highlight the major trends in commodities in key francophone and West African markets and, in our view, emphasise Olam’s position as the bellwether for developments in agricultural and consumer goods in the region. A strategic cluster Strategically, Olam considers Africa as one of its

Sell the fact! West African commodities and a Trump presidency  

Commodities traded by West African producers fell sharply ahead of the US presidential elections and are yet to recover following confirmation that Donald Trump had secured enough electoral college votes to be declared US President-elect. Strong Coffee: (Cote d’Ivoire, Cameroon) Coffee futures traded both in London and New York dived lower on Tuesday as investors,

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