Cocoa Leads Commodity Gains Despite China's Demand Struggles

Reported 4 days ago

Cocoa and coffee are expected to be the top commodities for 2024 due to a global supply deficit, with cocoa prices nearly tripling to a record high, while steel-making coal faces challenges from China's slow economic growth. As global trade tensions loom, especially with Donald Trump's potential return to tariffs, analysts anticipate further price pressures across various commodities, including oil and iron ore, amidst a backdrop of varying agricultural product performances.

Source: YAHOO

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