Posted: 17.04.2024 15:00:00

Cocoa bean prices hit record high

Exchange prices for cocoa beans exceeded $11,000 per tonne for the first time in history of trading, TASS reports

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According to ICE Futures, the cost of a tonne of cocoa beans reached $11,068 at its peak. The previous historical maximum price for this product was recorded on March 26th, when the price stood at $10,080.

Earlier, on April 3rd, the RFI radio station reported that leading cocoa beans producers in Côte d'Ivoire – considered the world’s largest supplier of these products – are demanding that their authorities raise purchase prices.