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home / news releases / NIB - NIB: Clouds May Loom In Cocoa's Future


NIB - NIB: Clouds May Loom In Cocoa's Future

Why have so many commodities seen their most bullish breakout in years? One reason is that the US keeps printing money, so the dollar weakens. This means that some price movements, such as the explosive move in gold and silver prices, could be attributed to a “flight to safety.” Not all the reasons for commodity price rises, however, are dollar-related.

The recent 10% hike in cocoa (NIB) is also because of the weather. 70% of the world’s chocolate grows in West Africa. Ivory Coast and Ghana are the largest producers. Throughout the year,

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Stock Information

Company Name: iPath Bloomberg Cocoa Subindex Total Return SM IndexETN
Stock Symbol: NIB
Market: NYSE

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