HomeEconomyCocoa prices jumped to...

Cocoa prices jumped to their highest in six months

Image: Getty Images

In recent days, prices for cocoa beans have increased in price by 6% and ended in plus for the sixth consecutive week.

Cocoa futures rose to a six-month high on fears of a weak mid-crop in West Africa. Bloomberg reported this yesterday.

So, the most actively traded futures contract for cocoa beans in New York rose 2.4% in Friday’s session, to $10,092 a tonne. From the beginning of the week, the contract price increased by 6% and finished in the plus for the sixth week in a row.

The agency wrote that currently the supply of cocoa beans to the ports of Côte d’Ivoire, the largest producer of this product in the world, has exceeded the figures for the same period last year. But there are concerns about the interim yield. Dry weather in West Africa could wreak havoc on this growing season, which starts in April, weather service experts Maxar warned.

Earlier this year, poor cocoa harvests in West Africa pushed futures to a record high of more than $11,700 a tonne.


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

Trump and von der Lein will be connected

On July 27, Scotland will meet with the head of the European Commission Ursula von der Lein with US President Donald Trump. According to von der Lane, the main topic of negotiations will be trade relations between the EU and the USA. .in_text_content_22 {width:...

In the “people of the servants”, the draft law on reconciliation SAP and Nabu

The “Servant of People” faction will be supported by the presidential bill on the return of independence SAP and Nabu. The information that up to 70 deputies cannot vote is not true, the Yulia Palichuk faction told the public press secretary. .in_text_content_22 {width: 300px;...

In the “people of the servants”, the draft law on reconciliation SAP and Nabu

The “Servant of People” faction will be supported by the presidential bill on the return of independence SAP and Nabu. The information that up to 70 deputies cannot vote is not true, the Yulia Palichuk faction told the public press secretary. .in_text_content_22 {width: 300px;...

The accident showed diplomats of evidence of the current components in the Russian Federation (photo)

Ukrainian intelligence presented evidence to the diplomats that Russian weapons contained Western components that came to the Russian Federation, despite sanctions. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } At...