Cocoa Prices Reach Record $11,839 Per Ton, Sparking Challenges for Chocolate Makers and Consumers
Cocoa futures hit a new record in New York, driven by growing supply concerns that are significantly impacting both chocolatiers and consumers. On Monday, cocoa futures surged by as much as 4.8%, reaching $11,839 per ton. This price spike follows a trend where cocoa prices have nearly tripled this year, highlighting the ongoing supply deficits. … Read more