The price of cocoa is on its quarter century peak
The March term cocoa prices increased to its 24 and a half year peak on Monday afternoon, because of the unfavorable outlook for the global supply. Investors worry of cocoa deficit.
The March term cocoa price was 2124 pound per tonne on the London futures and derivatives markets (LIFFE). This is nearly a 6 percent increase, compared to the closing price on Friday.
The less cocoa harvest, that is expected at Ivory Coast, can cause cocoa deficit, higher than expected. The African country is the world's leading producer of cocoa beans – reports MTI.
Related news
Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >#MatchaTok is taking over: Japanese green tea powder has become the new favorite on social media
The #MatchaTok trend that started on TikTok has taken the…
Read more >