Coffee and cocoa prices make impressive breakthroughs amid overall global market decline

At the end of the week, the MXV-Index fell 1.23% to 2,150 points. Selling pressure spread to many commodity groups, from energy with crude oil plummeting, to metals and agricultural products, prices all fell sharply. In the context of red dominating the entire market, coffee and cocoa were unusual and rare bright spots with impressive increases, in which Arabica coffee set a new peak in more than 13 years, cocoa had the second strongest week of increase in 44 years. Coffee and cocoa prices unexpectedly increased In the past trading week, red dominated the price list of industrial raw material commodities. In particular, coffee and cocoa attracted special attention with a sudden increase. In the coffee market, Arabica prices jumped nearly 12% to over $6,200/ton, the strongest weekly increase in nearly 8 months, and set a new peak in more than 13 years. Robusta coffee prices also increased by more than 9% to nearly $4,800/ton, the second consecutive week of increase, reaching the ...