Currently, according to Bloomberg, the futures price

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01.2024 Levan Surguladze "Correct and timely" - Levan Surguladze evaluates the policy of spending foreign exchange reserves 14:39 - 08.11.2024 Gold bars The purchase of 7 tons of gold may also be related to potential sanctions - ISET Research Institute 15:14 - 08.05.2024 Cocoa prices hit record high of $12,000 per ton Cocoa price Salome Khidureli 23.12.24 00:00 • 619 Cocoa prices are continuing their upward trend.


for one ton of the raw material is at a record $12,000, which is explained by low yields in Côte d'Ivoire, the largest cocoa producing country. According to the publication, in the fourth quarter, as a result of dry weather ireland fax data conditions, the value of active contracts for the purchase of cocoa increased by 7.4%. During the year, the price of cocoa in the New York consumer market tripled, which also led to a temporary suspension of some companies.


Analysts say the current climate situation suggests that low yields will persist into February and March. In West Africa, where the bulk of the crop is harvested, the weather forecast does not predict any rain for the next 10 days, adding to the dust brought in by strong winds from the Sahara Desert. In Côte d'Ivoire, which accounts for more than a third of cocoa production, the 2024-25 harvest, according to a Bloomberg analysis, will be 1.