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Cocoa prices have been soaring — and that could drive chocolate prices higher. Higher prices are helpful for struggling cocoa farmers, but might not be great news for sweets shoppers as ...
Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperform energy and industrial metals in the New Year amid supply ...
In the mid-1970s, weather conditions lifted cocoa prices to record highs. In 2023 and early 2024, inclement weather in West Africa has done the same.
While currency differentials can impact cocoa prices, the rise to an all-time high in pound-based cocoa could ignite a similar rally in the U.S. ICE dollar-based futures.
By the time fuel prices started dropping in August of 2022, and chocolate companies realized that they could keep running their factories, they were all competing for a limited supply of cocoa.
Chocolate-making raw material cocoa's prices rose to the highest in more than 12 years in New York on Tuesday, only a few weeks after its prices jumped to the highest in 46 years in London, as ...
But those prices, along with high prices of other key chocolate ingredients, might not be great news for sweets shoppers watching their budgets. So far this year, cocoa futures have risen about 21%.
If you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher.