Cocoa bean prices fall to 4-month low
Source: kapital.kz
The most actively traded cocoa bean futures contract in New York fell 4.4% during Monday's session, reaching $6,650 per tonne. Quotes fell to a more than 4-month low amid expectations of an increase in supply and a decrease in demand.
Analysts at BMI, a division of Fitch Solutions, believe that despite this, cocoa prices remain above historical averages, which may lead to a decrease in demand for this raw material. Some chocolate manufacturers have already warned of possible pressure on their profitability in the second half of the year.
In addition, many analysts predict that the supply in the global cocoa market will again exceed demand in the 2024-2025 agricultural year after three years of shortage.
In addition, many analysts predict that the supply in the global cocoa market will again exceed demand in the 2024-2025 agricultural year after three years of shortage.
