Cocoa bean prices have dropped significantly, reaching $6,090 per ton, the lowest level in 2024, after a record increase last year. The rise in prices was influenced by difficult agricultural conditions, but recently, the governments of Côte d'Ivoire and Ghana have raised the minimum price paid to farmers, reducing supply pressure. Analyzing speculative trends, banks warn that the market is extremely oversold, which could lead to a sharp rebound in prices.
Sources
Latest News
18:13
A committee in the U.S. Senate voted to impeach Anthony Fauci after he refused to answer questions about the management of the COVID-19 pandemic.
18:10
Ilie Bolojan avoids a clear answer regarding the publication of his partner's wealth in the context of the Integrity Law
17:59
The National Museum of Romanian History has launched a page dedicated to the restoration of the helmet from Coșofeni, where the public can follow the stages of the conservation process.
17:50
The Russian Ministry of Foreign Affairs does not intend to recall its ambassador from Romania and threatens with "an appropriate response"
17:39
The first two barges in the Danube will be sunk on Thursday, and the other two on Friday, to ensure the operation of the Cernavodă power plant.
See more news