Hot cocoa anyone? Just hit all time high at 10K per metric ton

Cocoa futures are hotter than crypto. From 6K to 10K in 3 weeks!

https://www.cnbc.com/2024/03/26/cocoa-prices-hit-10000-per-metric-ton-for-the-first-time-ever.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

Is there a cocoa shortage?

With cocoa prices breaking records and the global supply deficit projected to increase by 405 percent from the 2022/2023 season to this season, the situation looks bleak.

Chocolate shortage for 2024 Easter:

https://xtalks.com/chocolate-shorta...ing records,season, the situation looks bleak.

 

Still waiting for the epic collapse!!

I guess since most people don't buy chocolate like they do gas it could go to 37k a metric ton and people would really care.

 

Damn. Chocolate Easter bunnies are gonna be expensive this year.

 

The uptrend started in mid-2023.

 

Weren't we like talking about this 2 weeks ago?

 

It is too late to Long it.



It is too early to Short it.


In trading, Timing is very important.

 

I bet it is gonna hit 12K.

 

Ah, but you can long for it.

 

"Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields.

Difficult weather conditions and disease have affected production in West Africa, which produces about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, have been hit by a combination of heavy rain, dry heat and disease recently."

 

Luckily cocoa is a non-essential food.

We can survive without cocoa.