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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]
According to the latest CPI print, prices of sugar and sugar substitutes are up 7.2% compared to a year ago. Overall prices of sugar and sweets are up 4.4% year over year. Overall prices of sugar ...
Commodity Main exchange Contract size Symbol WTI Crude Oil: NYMEX, ICE: 1000 bbl (42,000 U.S. gal) CL (NYMEX), WTI (ICE) Brent Crude: ICE: 1000 bbl (42,000 U.S. gal)
Lindt & Sprüngli, a purveyor of high-end chocolates, told CNN in an email that “the price hike in cocoa will require further price increases in 2024 and 2025, assuming that cocoa prices remain ...
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 ...
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.
Climate issues in West Africa – home to more than 60% of global cocoa production – are damaging crop yields, constraining cocoa supply and causing prices to soar. Cocoa futures have ...
Since 1957, there have been ten revisions to Index components. The first was in 1961 and the latest in 2005. In the original calculation, all future deliveries up to a year ahead were averaged to calculate the current price. In 1987, the calculation was changed to only include deliveries nine months forward.