Cocoa Price (Global) in 2015
Cocoa Price (Global) opened 2015 at 2,915.6 and closed at 3,345.66, a +14.75% move for the year. The high of 3,360.84 was reached on November 1, and the low of 2,868.27 on April 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2,915.6 | 2,915.6 | 2,915.6 | 2,915.6 | +0.00% |
| Feb | 2,961.94 | 2,961.94 | 2,961.94 | 2,961.94 | +0.00% |
| Mar | 2,878.03 | 2,878.03 | 2,878.03 | 2,878.03 | +0.00% |
| Apr | 2,868.27 | 2,868.27 | 2,868.27 | 2,868.27 | +0.00% |
| May | 3,096 | 3,096 | 3,096 | 3,096 | +0.00% |
| Jun | 3,239.88 | 3,239.88 | 3,239.88 | 3,239.88 | +0.00% |
| Jul | 3,325.96 | 3,325.96 | 3,325.96 | 3,325.96 | +0.00% |
| Aug | 3,154.02 | 3,154.02 | 3,154.02 | 3,154.02 | +0.00% |
| Sep | 3,278.45 | 3,278.45 | 3,278.45 | 3,278.45 | +0.00% |
| Oct | 3,197.34 | 3,197.34 | 3,197.34 | 3,197.34 | +0.00% |
| Nov | 3,360.84 | 3,360.84 | 3,360.84 | 3,360.84 | +0.00% |
| Dec | 3,345.66 | 3,345.66 | 3,345.66 | 3,345.66 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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