Cocoa Prices Still Rising

The grain was quoted on the commodities exchange in New York in the week of July 21st at $3,234 per ton, the highest value in the last three years.

Friday, July 25, 2014

Growing global demand, driven by the sustained increase in of chocolate consumption in Asia is the main trigger for the rising price of the grain in commodity exchanges around the world.

"...Although crops are abundant in West Africa, the largest producing region, demand outstrips supply. But according to German analysts from Commerzbank, speculators have also pushed up prices. " reports that "...At the beginning of July the grain had already reached its highest level since the summer of 2011, and so far this year it has progressed to 15% in London and 18% in New York. In 2013 alone the price of cocoa rose by 25%. "

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