This year, cocoa prices nearly tripled, which could affect chocolate lovers around the globe. Prices had hit a record high of $12,931 per ton in New York in early December on supply concerns.
Cocoa prices rose to record highs last year amid a global supply shortage. Chocolate makers have raised their retail prices to compensate.
Commodity cyclicality tells us the odds favor lower cocoa prices in 2025. However, a price correction depends on increased West African output, which depends on the weather and other factors in a ...
THE cocoa industry is currently navigating a complex landscape marked by fluctuating prices, supply challenges, and evolving ...
Cocoa prices Thursday extended this week's sharp decline, with NY cocoa posting a 6-week low and London cocoa posting a 5-week low. Cocoa prices are under pressure this week on signs of slowing ...
Cocoa prices today are plunging, with NY cocoa posting a 1-month low and London cocoa posting a 5-week low. Cocoa prices are retreating today after major chocolate maker Mondelez International ...
BMI (a unit of Fitch Solutions) on Thursday revised up its price forecast for ICE-listed second-month cocoa futures to $7,600/tonne from $5,900/tonne, as it expects prices to remain above ...