Reported 4 days ago
Cocoa concludes 2024 as the top-performing commodity, achieving a staggering 175% increase thanks to fears of declining supplies stemming from poor harvests in major producing countries like Ivory Coast and Ghana. The market is currently facing significant liquidity issues and price volatility as stockpiles dwindle, while other commodities like arabica coffee also saw notable increases. However, falling soybean prices marked it as the worst-performing commodity this year.
Source: YAHOO