Chocolate Lovers are Going To Have A Hard Time In The Next Few Months!
Yes, folks, the price of cocoa is witnessing a scorching rally (cocoa nears $10,000 per ton), which has led to mind-boggling prices for the raw material used to prepare chocolates. The insane PRICE INCREASE can be attributed to the significant supply disruptions in Africa and leveraged speculators🚨 Source: Sagar Singh, Wall Street Silver Image: openart.ai
The race continues...Bitcoin is up a 'modest' 237% in the last 12 months.
Cocoa is up 310% and NVIDIA 350%. Source: Bloomberg, Jeroen Blokland
Cocoa is the new crypto
Source: David Ingles, Bloomberg
Look at this base on silver... could it follow the steps of gold ?
Source chart: J-C Parets
Cocoa Prices Double From Start of 2024
The most-active contract in New York rose to $8,394 a metric ton, the highest on record! Source : bloomberg
Is more foodflation coming?
Source: Bloomberg, Tavi Costa
Dr. Copper Breaks Out Again ?
Copper prices have remained significantly below their peaks in 2022, yet they've established a robust foundation over the past eighteen months, from which they are now beginning to rise. Based on the price and momentum readings, several technical analysts believe this could be the start of a more sustained move to the upside. source : tradingview
The cocoa rally.
Cocoa prices hit a fresh record high, fast approaching the once unthinkable $7,000 per tonne level. At current levels, we will see soon widespread retail price increases for all kinds of chocolate. Source: Bloomberg, Javier Blas
