Cocoa prices have surged, with Ghana and Ivory Coast raising farmgate prices by up to 50% and 58% respectively. The price of cocoa has reached $10K per ton, doubling since the start of the year. Extreme weather in West Africa is cited as a key factor behind the price spike.
Cocoa futures in New York settled at $9,312 per ton on Friday, climbing roughly 3% Cocoa prices have more than doubled this year to a record as extreme weather, disease & structural issues have hurt supplies from Ivory Coast & Ghana Trading companies are working with new… https://t.co/IxNWGBMvNg
#Ghana Follows Ivory Coast to Raise Cocoa Farmgate Price Country increased farmers’ pay by 58% to $2,481 per ton Higher rates may help ease global cocoa beans supply shortage https://t.co/QnPNwpUANq
Ghana followed Ivory Coast to raise the price it pays farmers for their produce after cocoa futures soared https://t.co/bHY9IUFbEj
'Cocoa Could Double From Here' - Oil-Bull Andurand Gets Greedy On Chocolate | ZeroHedge https://t.co/icXVKJ0C93
The price of cocoa is at or near all-time highs on global markets, with costs having soared 150% from a year ago. The main reason for the spike — extreme weather. https://t.co/q91qMqqPRt
'Cocoa Could Double From Here' - Oil-Bull Andurand Gets Greedy On Chocolate https://t.co/ucoB752DRQ
Cocoa prices have been soaring this year, more than doubling since the start of the year and recently passing $10k per tonne for the first time According to the UN this is linked to heatwaves and intense rains in West Africa, which produces three quarters of the world’s cocoa. https://t.co/u3g3EVQ9hE
Famed Oil Trader Andurand Bet on Cocoa Just Before Price Surge Futures have soared to record levels on weather, supply woes The trade has become increasingly risky due to volatility https://t.co/ZKTOiYrlMY
Oil trader Pierre Andurand’s hedge fund bet on higher cocoa prices ahead of a massive surge last month https://t.co/S7arl5dPRk via @markets
Oil trader Pierre Andurand’s hedge fund bet on higher cocoa prices ahead of a massive surge last month https://t.co/IQ4PJiSKTY
*OIL TRADER ANDURAND BET ON COCOA JUST BEFORE PRICE SURGE
FAMED OIL TRADER ANDURAND BET ON COCOA JUST BEFORE PRICE SURGE
Cocoa and coffee prices have soared to record highs — and Citi says there may still be room to run https://t.co/QEGMVInOg1
Ghana to raise cocoa farmgate price by up to 50%, Cocobod says https://t.co/lfm9j5fjhh https://t.co/YFJegNc9Qw
#Ghana to raise cocoa farmgate price by up to 50%, Cocobod says https://t.co/MtkepMg43Y
NEW: Cocoa prices reach 💵 $10K per ton 👀 https://t.co/QrRH6zZoaC
Look at our little friend cocoa... price rolling over https://t.co/hzFheBD9rl
🇺🇸 Will the soaring price of cocoa turn chocolate into a luxury item? https://t.co/gPjBXw6PWG
#Cocoa: A 50% farmgate price boost a step in the right direction https://t.co/qIg7ufnmzd