Cocoa Prices Double From Start of 2024 as Easter Approaches
- New York futures rose to a record $8,493 a metric ton
- Little price relief in sight as West African output lags
The cocoa rally is accelerating just ahead of Easter.
Photographer: Ian Teh/BloombergThis article is for subscribers only.
Cocoa futures have doubled in less than three months as their landmark surge intensifies, putting the focus back on expensive chocolate costs ahead of Easter.
The most-active contract in New York rose as much as 5.9% to $8,493 a metric ton, the highest on record, before paring some gains later in the day.