What's Hot: Supply shortages to fuel Cocoa’s sweet surge in 2024

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Publication date: 25 April 2024

Published by: WisdomTree

Cocoa’s meteoric price rise +132% has trumped both Nvidia (+90%) and Bitcoin’s (+65%) price performance in Q1 20241. The cocoa market has been struggling with poor crops in major producing regions in West Africa.  While cocoa demand is expected to decline, we see lower risk of consumption rolling over. Cocoa’s tight market is posed to support prices higher.

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Historical performance is not an indication of future results and any investments may go down in value.

 

Article originally published by WisdomTree. FE fundinfo is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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