Commodities
The Hottest Commodity: Cocoa’s Historic Surge in Five Charts
- Futures soared as poor African harvests lead to global deficit
- Rally risks pricier chocolate and has seen erratic trading
A worker sorts cocoa beans at a cocoa processing plant in Beni, Democratic Republic of the Congo.
Photographer: Eduardo Soteras/AFP/Getty ImagesThis article is for subscribers only.
Cocoa’s record-breaking run shows no sign of slowing as fears over shortages send prices to new highs on an almost daily basis.
The rally has left other major commodities in the dust. Prices have as much as doubled already this year to exceed $8,400 a ton — a level that seemed unthinkable only a few months ago.