Monday, February 27, 2017

More Rain in the Cocoa Zone

So the cocoa zone in west Africa got another dose of rain a few days ago. This is pretty unusual for this time of year, and augurs for a heavy mid-crop in Ghana and the Ivory Coast. Bearish!

Having said this, I still don't see a big downside here. The end-users, of which I used to be one, realize the value here are are willing to extend coverage. I also think that we are near an inflection point in grindings.
I'm looking for another spot to buy again.

1 comment:

  1. • Pricol agrees to buy car wiper business of PMP Auto Components.
    • Morgan Stanley increases stake in Redington for Rs 107 cr.
    • GVK completes residual stake sale in Bangalore Airport to Fairfax India.


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