Tag: Cocoa

 The world’s second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops, five sources told Reuters in a further worsening of the outlook for the global chocolate industry.

Futures for May delivery were up 3.9% at $10,030 per metric ton, marking the first time the commodity breaks above the $10,000 mark.

Analysts believe the cost of the core ingredient to make chocolate may have room to extend its record-breaking run.

This Valentine’s Day, enjoy that chocolate: the sweet treat will get even more expensive thanks to soaring prices of its main ingredient.

Chocolate lovers are in for a bitter pill to swallow — prices of their favorite food are set to rise further on the back of elevated cocoa costs.