Cocoa prices are sending a decidedly bullish signal for the emerging market outlook. In this report, we'll discuss the constructive developments in the cocoa market as it pertains to the emerging markets in general, with a particular focus on Indonesia. I'll make the case here that the impressive upside run in cocoa will support the developing bull market in Indonesian equities.
Soft commodities are off to a hot start in the new year. Sugar prices have seen their longest extended winning streak since 2016, while coffee recently experienced an impressive rally. Cocoa, however, is by