World prices of cocoa beans exceeded $8,900 per ton, setting a new record just a few days after the previous one. This is evidenced by data from the ICE Futures exchange.
May futures contracts for cocoa beans closed at $8,939 per ton on Friday. Since the beginning of the year, quotes have more than doubled in the past week; by 11.5%.
Raw material costs have increased significantly due to crop concerns in West Africa. The region is experiencing dry weather and forest fires caused by the El Niño phenomenon. Meanwhile, global demand for cocoa beans remains high.
Past record cocoa beans Established On Monday, March 18th. The cost of raw materials exceeded $8,300 per ton for the first time in history. Moreover, just a month and a half ago, the foreign exchange price of cocoa did not exceed 5 thousand dollars per ton.
Before reportedIt is stated that the sharp increase in bean prices has paralyzed processing in the main exporting countries.
Russians before warned The price of chocolate was increased by 15 percent.