Why Cocoa and Chocolate Prices are Rising - The New York Times
WEBMay 10, 2024. A failed crop, followed by a wave of financial speculation, put cocoa prices on a roller coaster this year, rattling an industry reliant on inexpensive crops and labor. This is not...
Cocoa prices are soaring. Candy makers will need to get creative.
WEBJun 16, 2024 · Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate.
Chocolate: Cocoa price hits record high as El Niño hurts crops - BBC
WEBCocoa prices on the New York commodities market reached a new all-time high of $5,874 (£4,655) a ton on Thursday. The cost of the key ingredient for making chocolate has now roughly doubled since...
Cocoa surpasses $10,000 a tonne as shortages squeeze ‘out of …
WEBMar 26, 2024 · The price of cocoa surged past $10,000 a tonne for the first time on Tuesday, as a dizzying rise in prices caused by poor harvests in Africa accelerates. Cocoa futures traded as high as $10,080...
News - International Cocoa Organization
WEBSep 19, 2024 · World Cocoa Conference 2024 Report Now Available. Abidjan, 07 August 2024 – The International Cocoa Organization (ICCO) is pleased to announce the publication of the report on the 5th edition of the World Cocoa Conference, held in Brussels from April 21st to April 24th, 2024. This landmark….
Cocoa hits record high as global shortage worsens in first quarter
WEBApr 18, 2024 · The price of cocoa hit a record high on Thursday after an industry report said crop failures in west Africa in the first quarter had further exacerbated the global shortage of beans for chocolate.
Exclusive: African cocoa plants run out of beans as global …
WEBLONDON/ACCRA, March 13 (Reuters) - Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning...
Chocolate prices soar as climate change hurts cocoa production : …
WEBMay 15, 2024 · The majority of chocolate is made in just two countries and erratic weather from climate change is decreasing cocoa production. A handful of extreme weather events—from drought to heavy rainfall...
Hurricane Helene live updates: Storm set to intensify and cause ...
WEB12 hours ago · Helene is expected to make landfall on Florida's Big Bend this evening as a major category 4 hurricane, bringing the risk of catastrophic damage. At 5 a.m. ET Helene was 385 miles south-west of ...
Hedge fund stampede into cocoa futures fuels record price jump
WEBFeb 16, 2024 · While poor weather and disease afflicting the cocoa trees in the world’s main cocoa growing regions in West Africa sparked the rally, the hedge fund stampede has added to its fierceness,...