Reported about 1 month ago
Cocoa prices have surged by over 128% year-on-year, attributed to climate-related disruptions and crop diseases causing supply shortages. Experts, including Saxo Bank's Ole Hansen, note that while higher prices should typically boost production, challenges remain, particularly in West Africa. Farmers are gaining more from their crops, allowing them to invest in necessary resources, but global demand is still strong, potentially keeping prices high until at least 2026.
Source: YAHOO