Cocoa prices hit a 12-year high thanks to extreme weather and a black pod disease.Dursun Aydemir/Anadolu Agency via Getty Images Chocolate may have just become even more of a luxury item with cocoa futures prices surging to a 12-year high. A mix of heavy rainfall and a black pod disease in West Africa have crunched supply, driving up the price of cocoa.

Topics:  dursun aydemir/anadolu agency   getty images   chocolate   orange   inflation   barchart   602 prices   florida   brazil   federal reserve   june   larry mcdonald   business insider    a   west africa   bloomberg   fed   surge   cocoa prices   12-year high   years   black   futures   hit   disease   supply   pod   rainfall   due   record   heavy   dropped   rates   level   food   highs   rise   month   
BING NEWS:
  • Foodflation hits home: Cocoa prices surge to a 12-year high just after orange juice smashed records
    Just days after orange juice prices climbed to a record, cocoa futures have surged to their priciest in 12 years. Cocoa futures in the US jumped to their highest level since 2011, Barchart data ...
    07/27/2023 - 11:56 pm | View Link
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