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Stock impact report

The Cocoa Crop Looks Bigger But It Won't Solve Chocolate Crisis [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Vanderbilt Leases Struggling NYC Seminary for Campus Expansion NJ Transit, Amtrak Trains Delayed After Derailment Near NYC Where Cargo Bikes Are Freeing Cities From Polluting Vans Exclusive Palo Alto Girls School Borrows $106 Million Waiting for the Miracle of Church-to-Housing Development After poor crops in West Africa fueled huge bean shortages and turmoil across the market this year, focus has turned to how production will fare in the 2024-25 season that officially starts next week. Global output may exceed demand by about 90,000 tons, according to the average of 15 analyst and trader estimates compiled by Bloomberg, partly due to better harvests in top grower Ivory Coast. The more optimistic outlook and a roughly 30% drop in cocoa futures from April's record suggests the worst of the crisis may have passed. But the crunch forced chocolatiers to draw stockpiles down to the lowest in decades, and it will be a challenge to rebuild those invent Show less Read more
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