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NIB - 3 Reasons Why The Cocoa Price Rally Is Getting Started
iPath Bloomberg Cocoa Subindex Total Return SM IndexETN
Investment Thesis
The price of cocoa has declined by more than 30% and 15% in the past ten and five years respectively. While bad, this performance has been better than the Bloomberg Commodity Index, which has declined by 41% and 23% respectively.
The decline in the price of the soft commodity is attributed to overproduction in the main cocoa-growing countries in West Africa and the purchasing power of the biggest cocoa bean buyers.
This is, however, taking a turn for the better. This year, the price of cocoa beans has been rising. It has risen