Cocoa prices are soaring to record levels. What it means for consumers and why 'the worst is still yet to come'
Publishing timestamp: 2024-03-26 14:36:29
Summary
Cocoa futures hit all-time high due to supply deficit in West Africa, leading to potential price increases for consumers. Major chocolate companies are using hedging strategies to manage costs, but there are no easy solutions to the systemic issues facing the market. Consumers could see higher prices or smaller chocolate bars in the near future.
Sentiment: MIXED
Tickers: @CC.1,
Keywords: breaking news: markets, business news, cocoa (may'23), energy, commodity markets, markets,