Cocoa beans prices record high — radio station

27 Mart 10:43 | 943

Commodity exchange prices of cocoa beans climbed above $10,000 per metric ton for the first time in trading history, SABC radio station reported.

The price per ton of cocoa beans reached as high as $10,080 on the Intercontinental Exchange on Tuesday, the radio station said. The price hike was 134% year on year.

Experts believe that the price pace is kept by reports on huge losses of the cocoa bean harvest with two leading global producers - the Ivory Coast and Ghana. Both countries account for almost 60% of global cocoa beans production. This will lead to the continuing upsurge in prices for chocolate and confectionery groups.

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