September ICE NY cocoa (CCU24) on Wednesday closed down -44 (-0.54%), and September ICE London cocoa #7 (CAU24) closed down -121 (-1.85%). Cocoa prices on Wednesday settled moderately lower due to an ...
The chocolate industry is having a meltdown. Cocoa prices have doubled since the start of the year, as crops in West Africa — which produces 80% of the world’s cocoa — have been hit by droughts made ...