Mumbi Gitau News Today

A once-unimaginable rally in the price of cocoa that upended physical trading is pushing the futures market to the breaking point. Read on.

The record surge is being driven by disappointing harvests in cocoa’s West Africa heavyweights, Ivory Coast and Ghana, which account for most of the world’s production.

(Bloomberg) -- Global shipping rates are surging as tensions rise in the Red Sea, after the US and UK conducted airstrikes against the Iran-backed Houthi militants in retaliation for their attacks on merchant ships. Alcoa Corp. releases earnings on Wednesday, marking the unofficial start of the commodity world’s quarterly reporting season, while cocoa’s upward momentum continues.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter...

(Bloomberg) -- Global shipping rates are surging as tensions rise in the Red Sea, after the US and UK conducted airstrikes against the Iran-backed Houthi militants in retaliation for their attacks on merchant ships. Alcoa Corp. releases earnings on Wednesday, marking the unofficial start of the commodity world’s quarterly reporting season, while cocoa’s upward momentum continues.Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel S...

The world may get even less coffee from Vietnam, the biggest grower of the robusta variety used in instant drinks and espressos, as a smaller crop and growing local demand squeeze supplies.

Bringing Taiwan to the World and the World to Taiwan

Cocoa factories around the world are slowing down fast, a sign that the worst is still to come for chocolate makers.

Bloomberg writers Megan Durisin and Mumbi Gitau reported today that, "Global food prices rose for the first time in a year, just as the rampant run-up in grocery costs begins to cool in some countries."

White sugar futures rose as much as 4.3% on Tuesday, reaching the highest levels since 2011, as concerns over limited global supplies .

By Megan Durisin, Áine Quinn and Daryna Krasnolutska (Bloomberg) — Wheat prices soared after Russia suspended a deal guaranteeing safe passage of Ukrainian exports, with Moscow warning that shipments become “much...