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...“Very expensive and very limited”, it is “more a demo market” than a real one, he said, adding that change across the industry as a whole was happening “very slowly”....
...Sonja Hutson Susannah Savage is a commodities correspondent for the FT. Thanks, Susannah. Susannah Savage Thanks very much....
...to $2.48 a kilogramme....
...a request for documents from the US Securities and Exchange Commission....
...Ivory Coast raised prices by 50 per cent to $2.48 a kilogramme. Three days later Ghana implemented a similar increase, bringing prices to $2,481 a tonne....
...“The world is at a vulnerable moment: a major energy shock could undermine much of the progress in reducing inflation over the past two years,” he added....
...“When you produce a product that is so important for food production, that’s a powerful tool,” he said....
...“If they perceive a problem, whether there’s a problem or not, there’s a problem.” He added that announcements around the outbreak have “had a big impact on the psychology of the futures market”....
...Susannah Savage Yeah. So we had a wander around the farm, and I saw where they are planting feed crops....
...“Things are just a lot more volatile,” said Haines. “The weather has gotten a lot more volatile and there’s a lot more extreme [weather] events.”...
...New York cocoa futures blasted through previous highs to hit a record $12,191 last week, up from less than $3,000 a tonne a year ago....
...“Because this effectively is a new virus, there is a lot of uncertainty around what its characteristics are.”...
...at Mintec, a commodities data group....
...The price of cocoa surged past $10,000 a tonne for the first time on Tuesday, as a dizzying rise in prices caused by poor harvests in Africa accelerates....
...One is Eckart Bauer, a CDU member from Berlin, who listened to a speech by Merz in the capital last month....
...The price of cocoa surged through $10,000 per tonne for the first time on Tuesday, as a dizzying rise in prices caused by poor harvests in Africa accelerates....
...In 2021, Olam Agri, a commodity trader with a large footprint on the continent, launched a trial programme in Nigeria to improve wheat production....
...So, yeah, this is, according to the study’s authors, a first step towards addressing that. Sonja Hutson Susannah Savage covers commodities for the FT. Thanks, Susannah. Susannah Savage Thank you....
...The far-right Alternative for Germany (AfD) has suffered a major legal defeat after a court ruled that the country’s domestic intelligence agency was right to designate it a suspected extreme rightwing organisation...
...The wager, which has earned bumper profits for trend-following hedge funds in 2024, has helped to drive the London price to a record close of £4,757 per ton last Friday, more than double the level a year...
...This is not likely to be a temporary situation....
...Yet lab-grown meat has become a red meat issue for politicians....
...Merz left politics in the early 2000s after losing out to Merkel in a party power struggle and began a career in business, later rising to chair of BlackRock Germany and becoming a multi-millionaire in the...
...Brazil produced a bumper crop of corn and soyabeans last year while Russia exported a record amount of wheat last year....
...Reinvigorating traditional crop varieties and finding a market for them will depend on a huge mindset shift, he says, giving the example of a friend in Mali who complained of being hungry — but, on being...
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