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Cocoa is more expensive than copper

March 26, 2024 by Scott Martin

Cocoa extended its surge – surpassing $9,000 a ton for the first time ever – as a supply crunch grips the market and chocolate makers grapple for beans.Futures are up about 50% this month alone and have more than doubled already this year. Poor harvests on the back of bad weather and crop disease in … Read more

Illegally grown cocoa from Nigeria entering the supply chain

December 21, 2023 by Arshad Majeed

By Taiwo Adebayo | Associated Press OMO FOREST RESERVE, Nigeria — Men in dusty workwear trudge through a thicket, making their way up a hill where sprawling plantations lay tucked in a Nigerian rainforest whose trees have been hacked away to make room for cocoa bound for places like Europe and the U.S. Kehinde Kumayon … Read more