HomeEconomyWorld cocoa prices have...

World cocoa prices have updated their historical record

Image: Getty Images

Cocoa futures rose to record levels on April 19. High cocoa prices will lead to higher prices for chocolate.

Cocoa futures in New York hit a new historic record. The most active contract rose 5% to $11,578 per metric ton in early trading on Friday, April 19. Bloomberg reported.

It is noteworthy that the speed of processing in chocolate factories has been maintained, despite the lack of global supply and high prices.

Ground cocoa – made into butter and powder used in confectionery – grew nearly 4% in North America in the first quarter.

Recycling in Europe fell by only 2%, and in Asia – even less. The data comes as cocoa futures prices have more than doubled since the start of 2024.

Cocoa bean futures jumped to a record above $10,000 a tonne, continuing a historic rally that has seen prices double this year and could weigh on chocolate prices.

We remind you that in March, world food prices increased by 1.1%, which was the first increase in the last seven months.

Humanity throws away more than a billion tons of food a year – UN
New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...