The price of cocoa has reached a 12-year high, with cocoa futures soaring from $2356 to $3369 per metric tonne in a year, as reported by Nasdaq and Bloomberg. This surge in price may have unexpected consequences for chocolate lovers and consumers at the checkout. Furthermore, heavy rainfall across West Africa has accelerated the spread of a rot-causing disease, posing additional challenges to cocoa production in the region. The combination of high cocoa prices and the impact of the disease signifies potential implications for the chocolate industry and global consumers.
Chocoholics may be in for a shock at the checkout after the price of cocoa soared to a 12-year high and heavy rain across West Africa accelerated the spread of a rot-causing disease. Cocoa has jumped from $US2356 a metric tonne in July last year to $US3353 on Wednesday, […]
Author: Chocolate
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