Moscow. October 30. Futures for cocoa beans is rising on the stock exchange in new York on Friday on fears of reduction of the crop in Ghana, one of the world’s biggest producers, reports Bloomberg.
On new York’s ICE Futures U.S. futures for cocoa beans for delivery in March rose by 1%, to $3256 per ton. Earlier, the quotations reached $3265 per ton, a record high since September 28.
According to forecasts of weather services MDA Weather Services, the rain in Ghana and côte d’ivoire can damage the crop of the cocoa bean.
Meanwhile, the raw sugar price rose on Friday by 0.6% to 14,65 cents a pound. With the minimum recorded on August 24, sugar rose in price by 45%.
The contract for the supply of orange juice in January rose 0.6%, to $1,333 per pound. In October, the price of juice increased by 26%, a record pace since 2009, on the forecast that the crop of oranges in Florida will be the lowest in 52 years.
December futures for Arabica coffee rose by 0.9% to $1,214 per pound, cotton prices rose 0.7%, to $62,75 cents a pound.