By Joe Hoppe Cocoa future prices hit a fresh high as demand stayed strong despite intense supply shortages, according to a report from the European Cocoa Association. Futures rose 6.6% to.
(Bloomberg) Valentine’s Day is far from sweet for the world’s largest chocolate makers.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Emerge After Wall Street’s CPI-Led Rout: Markets WrapMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’Israel Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsCocoa prices have climbed to a record, and with traders now weighing whether West Africa h
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Cocoa bean processing in North America has slumped almost 12% in the second quarter, according to figures released by the National Confectioners Association, the lowest in almost 15 years for that period, while in Europe and Asia, factories ground the least cocoa since the beginning of the global pandemic.