Why Cocoa and Chocolate Prices are Rising - The New York Times
WEBMay 10, 2024. A failed crop, followed by a wave of financial speculation, put cocoa prices on a roller coaster this year, rattling an industry reliant on inexpensive crops and labor. …
Chocolate: Cocoa price hits record high as El Niño hurts crops - BBC
WEBCocoa prices on the New York commodities market reached a new all-time high of $5,874 (£4,655) a ton on Thursday. The cost of the key ingredient for making chocolate has now roughly doubled since...
News - International Cocoa Organization
WEBSep 19, 2024 · World Cocoa Conference 2024 Report Now Available. Abidjan, 07 August 2024 – The International Cocoa Organization (ICCO) is pleased to announce the publication of the report on the 5th edition of the World Cocoa Conference, held in Brussels from April 21st to April 24th, 2024. This landmark….
Exclusive: African cocoa plants run out of beans as global …
WEBLONDON/ACCRA, March 13 (Reuters) - Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning...
Cocoa hits record high as global shortage worsens in first quarter
WEBApr 18, 2024 · The price of cocoa hit a record high on Thursday after an industry report said crop failures in west Africa in the first quarter had further exacerbated the global shortage of beans for chocolate.
Helene live updates: Track path as storm nears Florida landfall - ABC News
WEB25 minutes ago · Helene live updates: Track the storm's path as it nears Florida landfall Helene is forecast to make landfall as a hurricane on Thursday.
Cocoa prices are soaring. Candy makers will need to get ... - NBC News
WEBJun 16, 2024 · Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate.
Cocoa surpasses $10,000 a tonne as shortages squeeze ‘out of …
WEBMar 26, 2024 · The price of cocoa surged past $10,000 a tonne for the first time on Tuesday, as a dizzying rise in prices caused by poor harvests in Africa accelerates. Cocoa futures traded as high as $10,080...
Chocolate prices soar as climate change hurts cocoa production : …
WEBMay 15, 2024 · The majority of chocolate is made in just two countries and erratic weather from climate change is decreasing cocoa production. A handful of extreme weather events—from drought to heavy rainfall...
Cocoa Traders Say EU Deforestation Law Set to Fail - Bloomberg
WEBSep 18, 2024 · Major cocoa traders have asked the European Union to delay new environmental rules aimed at tackling deforestation amid mounting criticism.