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Cocoa prices fluctuated in June 2024. In London, cocoa prices reached a high of $11,530 per tonne on June 13; the previous year, prices had averaged $3,182. Although effects were similarly observed on the New York market, which reached US$10,782 per tonne, effects were less prominent due to greater European consumption of West African cocoa. [3]
Prices for Mondelēz's North America business increased 7.4% last year, while volume dropped 5.5% overall. Hershey's chocolate packaging are seen in a shop in United Arab Emirates on Nov. 24, 2023.
The following is a list of futures contracts on physically traded commodities. Agricultural ... Cocoa (London) ICE: IEPA: 10 metric tons C Coffee C: ICE: IEPA: 37,500 ...
The Refinitiv Equal Weight Commodity Index (formerly known as the Continuous Commodity Index) is a major US barometer of commodity prices. The index comprises 17 commodity futures that are continuously rebalanced: cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, live cattle, live hogs, natural gas, orange juice, platinum, silver, soybeans, Sugar No. 11, and wheat.
Poor climate and crop diseases in West Africa – home to 70% of global cocoa production – have tightened supply and caused prices to skyrocket. Cocoa futures have more than doubled since ...
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past ...