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Cocoa prices tumble 19%, giving up a chunk of their record-setting gains - TL;DR CNBC

Cocoa prices tumble 19%, giving up a chunk of their record-setting gains

Publishing timestamp: 2024-05-13 12:39:58


Summary

Cocoa prices dropped more than 19% on Monday, giving up large part of strong gains that lifted them to all-time highs earlier this year. Despite the steep decline, cocoa is up nearly 70% year to date and 137% over the past 12 months.


Sentiment: MIXED

Tickers: @CC.1

Keywords: cocoa (may'23)business newsmarketsbreaking news: marketscommodity markets

Source: https://www.cnbc.com/2024/05/13/cocoa-prices-tumble-19percent-giving-up-a-chunk-of-their-record-setting-gains.html


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