Thursday closed up +375 (+3.75%), and March ICE London cocoa #7 (CAH25) closed up +164 (+2.05%). Cocoa prices rallied sharply on Thursday due to West African cocoa crop concerns. Cocoa farmers in the Ivory Coast and Ghana,
Extreme temperatures hit cocoa supplies as vulnerable farmers struggle to adapt to climate impacts in time for Valentine's Day
Cocoa dropped in New York, heading for a weekly decline, amid concerns about weaker demand in the wake of record prices.
As Valentine's Day approaches, the craving for chocolate intensifies. But chocolate continues to face a significant challenge: Climate change is threatening cacao production, particularly in West ...
Expect to pay about 10% to 20% more for chocolate this Valentine's Day than last year, one agricultural economist said.
A new report by Climate Central says global warming increased the number of days above the ideal cocoa growth temperature range in West Africa — by two to four weeks annually — causing a decline in the crop’s production.
Chocolate prices are up and expected to increase throughout the year after catastrophic weather and crop disease in West Africa reduced cocoa supplies to historic lows. “We see the chocolate ...