Commodity prices have made an explosive start to 2024, with cocoa prices reaching a 50-year high and recording double-digit gains on a weekly basis. Cocoa prices have more than doubled in just two and a half months, tallying up a gain of over 260% from last year.
As the first quarter comes to a close, there is no denying that Commodity prices have made an explosive start to 2024 – with a long-list of Metals, Energies and Agricultural markets notching up astronomical gains – firmly positioning the sector on track for its best start to the year in over a century! This month, we’ve seen Cocoa prices soar to the highest level in 50-years – racking up double digit gains on a consecutive weekly basis.
Last week, Cocoa prices soared over 25% to reacha new all-time high of $8,900 per tonne. The uptick in prices continued on Monday with Cocoa breaching a new historic high of $9,300 per tonne. Cocoa prices are now up 125% from their opening price ofsub $4,000 per tonne at start of this year andhave more than doubled in the short space of two and half months. More impressively,Cocoa prices have now tallied up a staggering gain of over 260%, from this time last year, when prices were trading at $2,495 per tonn
Commodity Prices Cocoa 50-Year High Gains Finance
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Women’s Soccer Surge: NWSL Ticket Prices Soar As Team Prices Hit 9 FiguresI am a Colorado based reporter covering breaking news with a special emphasis on the entertainment industry, pop culture and sports. I previously covered local news in the greater Boston area, and I graduated from Northeastern University in 2017.
Read more »
Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs. Cocoa futures have roughly doubled in 2024 after surging 61% overall in 2023. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
Read more »
Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs.
Read more »
With Easter approaching, shoppers are noticing sky-high cocoa pricesThis Easter, consumers will have to fend off another source of high costs. Sweet Easter baskets will likely rise due to near-record-high cocoa prices.
Read more »
Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs.
Read more »