World: Cocoa prices hit a new historical high

According to the Vietnam Commodity Exchange (MXV), the world raw material market was divided in the trading session on December 18. Notably, the industrial raw material group led the overall market growth, notably cocoa with prices soaring nearly 7%, setting a new historical peak. In addition, the energy group also prospered with prices of 4/5 commodities increasing simultaneously. At the close, buying power dominated, pulling the MXV-Index up slightly by 0.06% to 2,202 points. Selling power dominates the industrial raw material market At the end of yesterday's trading session, red dominated the price list of the industrial raw material group. Contrary to the general trend of the group, the focus of attention was on cocoa when the price of this commodity increased sharply by nearly 7%, setting a new historical peak. The main reason for the continued high price of cocoa is that the producing region, which supplies about 3/4 of the world's output, West Africa, has been facing ...