Chocolate is getting more and more expensive — but it's not yet showing signs of destroying demand
Publishing timestamp: 2024-03-07 01:36:39
Summary
Analysts believe the cost of cocoa, a core ingredient in chocolate, may continue to rise due to concerns over supply in West Africa. Despite the historic price surge, global demand for chocolate has not been significantly impacted yet. El Nio-related dryness in various regions has also fueled the price rally for soft commodities like cocoa.
Sentiment: MIXED
Keywords: world markets, west africa, agriculture, ivory coast, business news, cocoa (may'23), ghana,