Cocoa prices rise to fresh record, nears $9,000 per metric ton
Publishing timestamp: 2024-03-22 12:56:30
Summary
Cocoa futures have more than doubled to records since the beginning of the year, with prices now approaching $9000 per metric ton due to disruptions in supply and demand. The lack of rain in the Ivory Coast could further limit cocoa supply, and experts believe prices could jump another 50% before the rally ends.
Sentiment: MIXED
Keywords: business news, nvidia corp, stock markets, markets, s&p 500 index, breaking news: markets, investment strategy, cocoa (may'23),
Source: https://www.cnbc.com/2024/03/22/cocoa-prices-rise-to-fresh-record-nears-9000-per-metric-ton.html