Cocoa prices have reached their historical record on US and UK stock exchanges

The price of cocoa on one of the leading exchanges that determine global commodity quotations, London-based ICE Futures, reached a record high in the history of trading - 3,760 pounds sterling per ton ($4,726.04 or more than 3,727 euros). This was reported by the Reuters news agency with reference to materials from the trading platform. This is also 0.83 percent higher than the previous benchmark at the beginning of this week. The data is as of Wednesday at 16:09 Moscow time. These quotes are for the March futures called LCCc1, which is the most popular for cocoa beans. The reasons for the price increase were cited by analysts as a shortage of available stocks for these products due to a drop in global production, the associated rise in price for the third season in a row of chocolate (the main raw material for cocoa production), as well as the weakening of the British pound. World food prices fell markedly in December In particular, the latter currency fell in price in January to ...