Hot cocoa anyone? Just hit all time high at 10K per metric ton

Pekelo

Pekelo

Cocoa futures are hotter than crypto. From 6K to 10K in 3 weeks!

https://www.cnbc.com/2024/03/26/cocoa-prices-hit-10000-per-metric-ton-for-the-first-time-ever.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

Is there a cocoa shortage?

With cocoa prices breaking records and the global supply deficit projected to increase by 405 percent from the 2022/2023 season to this season, the situation looks bleak.

Chocolate shortage for 2024 Easter:

https://xtalks.com/chocolate-shorta...ing records,season, the situation looks bleak.
 
Still waiting for the epic collapse!!

I guess since most people don't buy chocolate like they do gas it could go to 37k a metric ton and people would really care.
 
Pekelo said:
Cocoa futures are hotter than crypto. From 6K to 10K in 3 weeks!

https://www.cnbc.com/2024/03/26/cocoa-prices-hit-10000-per-metric-ton-for-the-first-time-ever.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

Is there a cocoa shortage?

With cocoa prices breaking records and the global supply deficit projected to increase by 405 percent from the 2022/2023 season to this season, the situation looks bleak.

Chocolate shortage for 2024 Easter:

https://xtalks.com/chocolate-shortage-looms-ahead-of-easter-2024-3766/#:~:text=With cocoa prices breaking records,season, the situation looks bleak.
More...
Weren't we like talking about this 2 weeks ago?
 
S2007S said:
Still waiting for the epic collapse!!

I guess since most people don't buy chocolate like they do gas it could go to 37k a metric ton and people would really care.
More...

upload_2024-3-27_8-37-11.png


It is too late to Long it.


upload_2024-3-27_8-37-28.jpeg

It is too early to Short it.


In trading, Timing is very important.
 
"Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields.

Difficult weather conditions and disease have affected production in West Africa, which produces about 70% of the world’s cocoa. The two largest producers, Ivory Coast and Ghana, have been hit by a combination of heavy rain, dry heat and disease recently."
 
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