Monday May 25, 2020

Cocoa hits two year high as chocolate industry faces shortage

Have you got a sweet tooth? If so, there is some bad news for you in the commodities markets today. Cocoa has rebounded to a two-year high.

19th November, 2013
The price of cocoa jumping as much as 0.9 per cent today.

Have you got a sweet tooth? If so, there is some bad news for you in the commodities markets today. Cocoa has rebounded to a two-year high in New York and London on speculation chocolate manufacturers need to buy beans to rebuild stockpiles.

The industry may have less than four months of beans on hand to meet demand, according to Eric Sivry, head of agricultural options brokerage at Marex Spectron Group in London. Gains may...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 4 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago