Cocoa and coffee futures have seen significant price increases, with cocoa rallying for a fifth day due to expected tighter supplies pushing prices to near record levels and quadrupling to all-time highs. This surge is attributed to weather problems in Guinea and the Ivory Coast, impacting the candy aisle with notable effects on products like Ben & Jerry's ice cream. Cocoa prices have hit new record highs, with delays in bean deliveries from Ghana exacerbating the situation. Meanwhile, coffee prices have also reached all-time highs, with a 20% rip higher in two weeks and Arabica coffee targeting $2.3575 as the next major price point. Robusta coffee has reached fresh record highs, with prices supported by reduced output in Vietnam. The global bean shortage is affecting iconic chocolate makers in Germany and Switzerland, upending supply chains and increasing costs.
🇬🇧 Fears over coffee shortages send prices soaring to new highs https://t.co/Nr59ktvPfC
Iconic chocolate makers in Germany and Switzerland feel the cocoa crunch as a global bean shortage upends supply chains and jolts costs https://t.co/QM1gQNuUo4
Cocoa, coffee reach new highs on fear of aging trees https://t.co/wGc6EGiwgm via @business
Coffee futures reached the highest levels since September 2022 👀☕️☕️☕️ https://t.co/PuaXc0e2eA
Fears over coffee shortages send prices soaring to new highs https://t.co/JVWaeM86py
Robusta Coffee Hits Fresh Record High as Shortage Fears Mount Prices have been supported by reduced output in Vietnam Arabica futures also rally, while cocoa nears recent record https://t.co/wLXL9zpuzp
Arabica #coffee adding more than 5% today, with #KC_f hitting an August 2022 high with $2.3575 the next major target https://t.co/RuOlQSe3a5
Chocolate lovers may be in for a long wait for cheaper bars as West African cocoa farmers race to plant beans https://t.co/Ip4KSsocLl
Coffee update.... 20% rip higher in 2 weeks.... https://t.co/hqg5uxOLLH https://t.co/nTsMFZq3uF
Cocoa Prices Hit New Record High As Talks In Ghana Suggest Delayed Deliveries Of Bean https://t.co/zoJYjpfASV
Coffee Hits All-Time High 🚨 https://t.co/xOwkYKs1Nj
Cocoa on the futures markets has quadrupled lately to all-time highs. Ben & Jerry’s ice cream seems less chocolaty and portions are getting smaller? Here’s why weather problems in Guinea and the Ivory Coast are wreaking havoc with the candy aisle. https://t.co/8J82OcZoqB
Cocoa Prices Climb for Fifth Day as Tight Supply Pain Lingers https://t.co/22Z0ZrZ08h
Cocoa futures rallied for a fifth day as expected tighter supplies in the coming months push prices to near record levels https://t.co/RAmkvXZ24F