Cocoa

Cocoa futures hit a record-breaking $11,722 per ton on Friday, defying a global shortage and skyrocketing prices, reports Bloomberg. This surge comes despite concerns about a supply crunch. Data reveals North American chocolate processing ("grinds") rose nearly 4% in the first quarter compared to last year. Similar

Nigerian cocoa exporters are poised to reap significant benefits from a surge in cocoa prices, as reported by New Telegraph. With global production experiencing a 10.9% decline, cocoa prices have skyrocketed to $10,030/ tonne in April 2024, and Nigerian exporters are expected to reap N3.2 trillion ($2.

As reported by Barchart, cocoa prices dropped significantly this morning due to worries that record-high prices might stifle global demand. May ICE NY cocoa (CCK24) fell -744 (-6.76%), and May ICE London cocoa #7 (CAK24) is down -559 (-6.09%). This comes after a recent surge in cocoa prices