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Cocoa (May'23)

Global commodities’ biggest winners and losers this year

by Merchant Moller
Global commodities’ biggest winners and losers this year

A farmer collecting grain from a combine harvester during the wheat harvest on a farm near Benfleet, UK, on Monday, Aug. 12, 2024.  Bloomberg | Bloomberg | Getty Images The …

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Candy makers face steep cocoa prices, get creative

by Mark McDuffie
Candy makers face steep cocoa prices, get creative

Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024.  Ferley Ospina | Bloomberg | Getty Images …

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Why the price of chocolate’s key ingredient skyrocketed in 2024

by Merchant Moller
Why the price of chocolate’s key ingredient skyrocketed in 2024

Chocolate’s key ingredient has soared in commodities markets throughout 2024. Spot prices for cocoa began the year around $4,200 an ounce, then hit an all-time high of more than $12,000 …

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Big change in global growth is bullish for commodities: VanEck CEO

by Merchant Moller
Big change in global growth is bullish for commodities: VanEck CEO

Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF …

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Citi on what’s next for cocoa and coffee prices after a record rally

by Merchant Moller
Citi on what’s next for cocoa and coffee prices after a record rally

A worker picks cocoa fruit at the Somos Cacao farm in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Bloomberg | Bloomberg | Getty Images Citi says …

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Cocoa prices are soaring to record levels. What it means for consumers

by Shen Ridenbaugh
Why the price of chocolate’s key ingredient skyrocketed in 2024

A farmers holds cocoa beans while he is drying them at a village in Sinfra, Ivory Coast, on April 29, 2023. Luc Gnago | Reuters Consumers could start to see …

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Cocoa prices hit $10,000 per metric ton for the first time ever

by Merchant Moller
Cocoa prices hit ,000 per metric ton for the first time ever

Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023. Sia Kambou | Afp | Getty Images …

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Cocoa prices not yet showing signs of demand destruction

by Merchant Moller
Cocoa prices not yet showing signs of demand destruction

Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023. Sia Kambou | Afp | Getty Images …

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Lovers of sweet treats could be hit by rising sugar prices

by Merchant Moller
Lovers of sweet treats could be hit by rising sugar prices

Sugar for sale at a supermarket in Yichang City, in China’s Hubei province, on April 6, 2023. Future Publishing | Future Publishing | Getty Images A mammoth rally in 2023 …

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Halloween chocolate pricier this year as El Nino hits cocoa crop

by Merchant Moller
Halloween chocolate pricier this year as El Nino hits cocoa crop

Halloween candy is for sale at a CVS store in Washington, D.C., on Oct. 17, 2022. Drew Angerer | Getty Images Cocoa, a vital ingredient for chocolate, is more expensive …

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