Cocoa Soars 132.75% in Q1 2024, Outshines All
Quick Look: Cocoa soared: 61.38% gain in 2023, 132.75% in Q1 2024, topping $9,750/ton. Chocolate industry pressure: Rising cocoa costs squeeze margins, but growth looms. Grains and oilseeds decline: Corn, soybean, and wheat values dropped over 15-30.5%. Market divergence: Soft commodities rise sharply, grains/oilseeds fall. Cocoa’s outlook: Prices may climb due to supply issues, with …