😂🤣😂🤣Cocoa prices have surged by 180% in 2024, surpassing Bitcoin's 140% rally, reaching an all-time high of over $12,900 per tonne.
This remarkable surge has made cocoa the best-performing commodity of the year. The price rise was fueled by production issues in major cocoa-producing countries like Ivory Coast and Ghana, resulting in a global supply deficit.
Cocoa futures, which began 2024 at around $4,200 per tonne, hit a record $12,931. Experts predict that cocoa prices will stay strong through the first half of 2025 but may stabilize later as production recovers.
Question: should we rethink our investments?