Cocoa reached a record higher on Tuesday as supply constraints forced prices higher. Futures for May delivery #CC1 were up 3.9% at $10,030 per metric ton, marking the first time the commodity broke above the $10,000 mark. The cocoa soaring these past year has led to wetter-than-normal temperatures and poor crop yields. An outbreak of the cacao swollen shoot virus has helped dent supply. The move comes as chocolate demand remains strong in countries such as the U

0
52

Cocoa reached a record higher on Tuesday as supply constraints forced prices higher. Futures for May delivery #CC1 were up 3.9% at $10,030 per metric ton, marking the first time the commodity broke above the $10,000 mark. The cocoa soaring these past year has led to wetter-than-normal temperatures and poor crop yields. An outbreak of the cacao swollen shoot virus has helped dent supply. The move comes as chocolate demand remains strong in countries such as the U

LEAVE A REPLY

Please enter your comment!
Please enter your name here