Global Cocoa Prices Surge, Easter Treats at Risk
TL;DR
Cocoa prices surged to a record-breaking $10,030 per metric ton, driven by supply constraints including hotter temperatures in Ivory Coast, the world's largest cocoa producer, and an outbreak of cacao swollen shoot virus. The commodity has soared nearly 138% this year, with strong chocolate demand in countries like the U.S. contributing to the price hike.
Topics:businesscommodity-markets#chocolate-demand#cocoa#commodity-markets#commodity-prices#ivory-coast#supply-constraints
- Cocoa prices hit $10,000 per metric ton for the first time ever CNBC
- Cocoa Soars Past $10,000, Pummeling Chocolate and Candy Makers Yahoo Finance
- Hershey, Mondelez bet big on Easter as cocoa price crisis looms Reuters
- Easter eggs costs rise as climate change hits crops BBC.com
- Cocoa Tops $9,000 Mark for First Time on Global Supply Crunch Bloomberg
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