Archer Daniels Midland (NYSE:ADM) is closing their operation in Mansfield, Massachusetts in the fall, but will be expanding operations at their chocolate plant in Hazleton.
Approximately 83 jobs will be coming to the chocolate plant, some of them possibly transferring from the Mansfield facility.
At this tim eabout 200 workers are at the Humboldt Industrial Park plant, which ADM has expanded in the past, transferring 53 workers from its cocoa-processing plant in Glassboro, New Jersey.
Showing posts with label Cocoa Supply. Show all posts
Showing posts with label Cocoa Supply. Show all posts
Saturday, May 22, 2010
Friday, February 12, 2010
Cocoa Demand Exceeding Supply 2010
Cocoa demand and supply 2010
As the year goes on, it seems cocoa demand will not be able to be met by supply, and prices have started to respond to those circumstances, with cocoa prices increasing the most in eight weeks.
At this time, it seems the markets have taken the challenge into account in its current price, and should support it through the year.
On ICE Futures U.S., May delivery for cocoa surged $76 to $3,116 a metric ton, a 2.5 percent lift.
Over the last 12 months cocoa has increased in price by 16 percent.
Cocoa demand and supply 2010
As the year goes on, it seems cocoa demand will not be able to be met by supply, and prices have started to respond to those circumstances, with cocoa prices increasing the most in eight weeks.
At this time, it seems the markets have taken the challenge into account in its current price, and should support it through the year.
On ICE Futures U.S., May delivery for cocoa surged $76 to $3,116 a metric ton, a 2.5 percent lift.
Over the last 12 months cocoa has increased in price by 16 percent.
Cocoa demand and supply 2010
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