Cocoa prices have crossed $10k.

The primary reason for the jump in price is due to

1. Illegal gold mining (leads to deforestation)
2. Black pod decease (impacts the yield)
3. Swollen Stem decease (this kills the plant. it takes 3 years for the plant to start yielding crop)

More and more farmers are moving away from Cocoa Plantation because the govt. procures the crop at a fixed price. For eg. In Ivory Coast the current procurement price is $2500 vs the spot price of $10k. The prices are not remunerative for the farmers they are asking for a price of $4000.

Manorama use to sell CBE at a 40% discount to Cocoa Butter (this is an estimate)
Cocoa butter prices have shot up from $6K to $30k. The yearly supply CBE price will also be negotiated higher (im expecting the CBE prices should go up to $5-6k. from the current $3.5K). I dont think that the CBE prices will shoot up to the same extent. Even if the prices move up from 3.5k to 5k that is more than 40% higher price realisation.

Company is in middle of a huge capex should be completed soon.

@Ashar_Mann

A layman’s question.
if someone has observed/experienced immediate or short term cmp trend of a name when they migrate to main board ?

A layman’s logic.
When a name migrates to mainboard, generally speaking, it would have wider participation and number of shareholders would increase. hence some early investors may try to book little profit and cmp may go sideway for a while ?

Even during the overall weak sentiments, Tarachand’s rise is eye soaringly impressive.Couldnt take position… so i plan to do it tomorrow once its on mainboard…lets see

Hydrogen ICE engine that can run on CNG and Petrol – Multi- Fuel engine made in South Korea

There are other courses that might fulfill the eligibility criteria, but I am not quite aware of the alternatives.