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Commodity business is cyclic... best to buy low, sell high.... but GCB is im fpr long time... now cocoa price is all time High... double last year... means revenue and profit will grow... but new raw material will be at higher price... unless it crash... hence.. 2024 will be a Record Year....
See MARC rating negative but maitain AA as GCB grinding is at 97%... means significantly high demand
Cocoa futures surged beyond $7,800 per tonne, hitting their highest since mid-October, amid concerns over tightening supplies. ICE-monitored cocoa inventories held in U.S. ports have been trending lower for the past 17 months, dropping to a fresh 19-year low of 1,698,375 bags as of November 11. Additionally, renewed concerns over supply from top producer Ivory Coast added upward pressure to prices. Dealers reported that Ivory Coast's cocoa regulator reduced