Cocoa Prices Reach All-Time High due to Ongoing Supply Issues
Monday, 1 April 2024, 18:51
Persistent Cocoa Supply Shortages
The latest market update highlights the ongoing supply challenges in the cocoa industry, which have caused prices to skyrocket to a new record high. Concerns over global cocoa supply shortages continue to drive market volatility.
Record-High Prices
Cocoa prices surged on Monday, closing sharply higher and reaching an all-time high. The market saw significant movement in both ICE NY cocoa (CCK24) and ICE London cocoa #7 (CAK24). This spike in prices reflects the intense pressure on the cocoa market due to persistent supply issues.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.