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flag Cocoa prices surged 200% due to weak crop yields, instability, and supply-demand imbalance, outperforming Bitcoin's 150% gain in a year.

flag Cocoa prices have surged over 200%, outperforming Bitcoin's 150% gain in the last year. flag Record-high cocoa futures of $8,018 per metric ton were reached, mainly due to weak crop yields in West Africa, political instability, lack of investment in new cocoa plants, and imbalanced supply and demand. flag The S&P GSCI Cocoa index has increased by 206% over the last 12 months and over 90% year-to-date.

13 months ago
9 Articles