Chocolate prices in the world may jump to an all-time high

World prices for cocoa jumped above the unprecedented mark of $10,000 per ton, which may cause a significant increase in the price of chocolate. This is reported by Bloomberg. The market was rocked by a poor harvest from key West African producers, pushing the world into a third consecutive annual supply shortfall. In addition to concerns about physical supply shortages, pressure is also mounting on the financial market. The price of cocoa continues to rise rapidly. Analysts now find it difficult to say how justified the current prices are. There is a risk of deterioration of the supply situation. European Union rules aimed at stopping the sale in stores of products that destroy forests could make it even more difficult for EU chocolate producers to supply. Attention is now focused on the future average harvest in West Africa, the smaller of the two annual harvests. This season's stocks-to-grind ratio will fall to its lowest level in more than four decades, reflecting the volatile ...