For the first time in history, the price of cocoa beans in the global market exceeded 12 thousand dollars per ton

게시됨 2024년 12월 20일

Tridge 요약

Cote d'Ivoire, the world's largest cocoa bean producer, is expected to have a poor harvest, leading to a historic high in cocoa bean prices on the New York Mercantile Exchange, reaching $12.2 thousand per ton for the first time. The price increase is due to concerns over drought and high temperatures impacting farmers, with production forecasts for the 2024-2025 season estimated at 1.9 million tons, a 10% decrease from official estimates. Experts predict that cocoa prices will remain high next year due to unstable weather conditions in West Africa.

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원본 콘텐츠

According to EastFruit, the price of cocoa beans has reached a historic high due to concerns about a poor harvest in Cote d'Ivoire, the largest producer of raw materials, On December 18, cocoa bean futures on the New York Mercantile Exchange rose by 3.9%, reaching $12.2 thousand per ton for the first time in history. Later, the growth slowed down, and the price fell slightly, Bloomberg reports. The main reason for the price increase is the expectation of a lower harvest in Cote d'Ivoire. The African country accounts for more than a third of the world's raw material production. According to analysts' forecasts, in the 2024-2025 season, production will amount to 1.9 million tons, which is 10% less than official estimates, which ranged from 2.1 to 2.2 million tons. Read also: Cold snap hurts Morocco's pepper production Farmers are reporting the impact of drought and high temperatures, which could reduce their harvest in the season starting next April. According to Reuters, while ...

출처: Eastfruit