Why the price of chocolate's key ingredient skyrocketed in 2024
Publishing timestamp: 2024-06-01 08:00:01
Summary
Cocoa prices have soared in commodities markets in 2024, reaching all-time highs due to factors like crop disease and market speculation. The chocolate industry is feeling the pinch and considering alternatives to cope with higher input costs.
Sentiment: MIXED
Tickers: @CC.1,
Keywords: u.s. economy, politics, business, cocoa (may'23), economy, markets, business news,
Source: https://www.cnbc.com/2024/06/01/why-the-price-of-chocolates-key-ingredient-skyrocketed-in-2024.html