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Chocolate is getting more and more expensive — but it's not yet showing signs of destroying demand - TL;DR CNBC

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

Tickers: @CC.1HSY

Keywords: world marketswest africaagricultureivory coastbusiness newscocoa (may'23)ghana

Source: https://www.cnbc.com/2024/03/07/chocolate-cocoa-prices-not-yet-showing-signs-of-demand-destruction.html


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