SELEUSS - COCOA FUTURES - CHOCOLATE PRICES
(04-26-2024)
Since we posted about the expected increase in cocoa/cacao/chocolate price in Q2 of 2024 back in February 2024, 2 months later, the prices have really gone up!!
from our (04-24-2024) post on Facebook:
"well... just FYI, cocoa prices have doubled and almost tripled since the beginning of the year.... ugh. and looks like the prices wont be going down until Q3/Q4 of 2025, but not to 2023 prices. Looks like around $7000/mt, which is x2 of 2023 averages. see link below from MarketWatch for futures contracts. / Was ordering more cocoa butter last night and the prices from my 2 main suppliers have doubled since March 2024, or more than tripled since November 2023."
Graph and download economic data for Global price of Cocoa (PCOCOUSDM) from Jan 1990 to Mar 2024 about cocoa, World, and price.
Cocoa increased 6,650.25 USD/MT or 158.49% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks
https://www.marketwatch.com/investing/future/cc00