Prices for cocoa beans in the US have set a new record and are approaching $9 thousand per ton

Cocoa futures quotes have hit a record high due to concerns over the harvest in West Africa. The price of cocoa bean futures in New York has risen by 2.8% to $8,789 per ton. This surge is linked to the dry weather and wildfires in West Africa, triggered by the El Niño phenomenon, which are posing a threat to cocoa supplies. Meanwhile, the global demand for cocoa remains high.