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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
Smart move to work with Ivory Coat govt... secure supply and downstream business
Transcao CI is primarily involved in cocoa processing, manufacturing and the distribution of finished products. CCC is the government regulator overseeing Ivory Coast’s cocoa and coffee sectors, while Transcao Negoce is a subsidiary of CCC.Ivory Coast accounts for around 40% of the global cocoa bean supply with an annual production of about two million tonnes.