Cocoa Dec 23 (CC=F)
| Pre. Settlement | N/A |
| Settlement Date | 2023-12-13 |
| Open | 3,457.00 |
| Bid | 3,421.00 |
| Last Price | 3,418.00 |
| Day's Range | 3,402.00 - 3,484.00 |
| Volume | |
| Ask | 3,422.00 |
- Reuters
UPDATE 1-Brazil court fines Cargill in case involving child labor on cocoa farms
Commodities trader Cargill has been ordered by a Brazilian court to pay 600,000 reais ($120,185) as indemnity for buying cocoa from farms where child labor or forced work has been identified. U.S.-based Cargill said on Tuesday it disagreed with the complaints and fine and would appeal the ruling to a higher court. According to a decision dated Sept. 18, seen by Reuters, from the 39th Labor Court in the northeastern state of Bahia, Cargill was also ordered to add to its contracts with Brazilian cocoa suppliers clauses to end the commercial relationship if child labor or other unlawful working conditions occur.
- Reuters
Brazil court fines Cargill in case involving child labor on cocoa farms
Commodities trader Cargill has been ordered by a Brazilian court to pay 600,000 reais ($120,185) as indemnity for buying cocoa from farms where child labor or forced work has been identified. According to a decision dated Sept. 18, seen by Reuters, from the 39th Labor Court in the northeastern state of Bahia, Cargill was also ordered to add to its contracts with Brazilian cocoa suppliers clauses to end the commercial relationship if child labor or other unlawful working conditions occur. U.S.-based Cargill was also ordered to start a "due diligence" process to verify whether there is child labor in its supply chain, as well as launch a campaign to combat the practice, according to the ruling.
FX EmpireBumper Russian Wheat Season Sees Global Prices Fall- Risks Remain for a Strong Rebound
Because of higher demand and restricted supply, the prices of numerous other agricultural commodities have surged in recent months.
