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The price of cocoa has started to rise again

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In New York on Thursday, June 6, cocoa futures rose 4.2% to $9,798 per ton.

Cocoa prices, after some decline, began to rise again. The reason is renewed concerns about supply shortages, which pushed prices to an all-time high in April, Bloomberg wrote.

On Thursday, June 6, in New York, cocoa futures rose 4.2% to $9,798 a ton. Prices are up more than 40% from last month’s lows.

It noted that a combination of adverse weather conditions, disease and shortage of fertilizers has put pressure on cocoa production in the two biggest exporters – Ivory Coast and Ghana.

A poor harvest in West Africa pushed cocoa futures to a record high of more than $11,700 a tonne in New York in April.

Prices have fallen, but some analysts expect them to remain high due to a global shortage of cocoa beans.


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Source: korrespondent

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