Cocoa prices hit $10,000 per metric ton for the first time ever
Publishing timestamp: 2024-03-26 11:45:52
Summary
Cocoa prices have hit record highs due to supply constraints in West Africa, leading to a 138% increase in prices this year. Hershey has forecasted flat earnings growth for the year due to rising cocoa prices.
Sentiment: MIXED
Tickers: @CC.1,
Keywords: wall street, investment strategy, stock markets, cocoa (may'23), breaking news: markets, business news, markets,
Source: https://www.cnbc.com/2024/03/26/cocoa-prices-hit-10000-per-metric-ton-for-the-first-time-ever.html