Reported 3 days ago
In 2024, cocoa and coffee emerged as the standout performers in the commodity market, with cocoa prices doubling amidst supply concerns and coffee prices jumping over 70%. Market strategist Phil Streible noted that factors such as increased competition, consumer demand, and weather challenges have driven this explosive growth in soft commodities, which have outperformed traditional commodities and major indexes. However, he cautioned that poor harvests in key producing regions could pose significant challenges ahead.
Source: YAHOO