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Cocoa prices forecast between $4,882 and $4,922 per tonne

mashud
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Cocoa prices are forecast to range between $4,882 and $4,922 per tonne in March 2024. According to the Bank of Ghana’s Commodity Price Outlook, cocoa prices are projected to derive support from tight supplies and adverse weather conditions in Cote d’Ivoire, which is threatening the April-to-September 2023 mid-crop year. Cocoa extended the price gains by 4.9% to reach $4,235.6 per tonne in December 2023, underscored by tightening supplies and expectation of a third successive deficit in the current crop season. Compared to a year earlier, cocoa prices have soared by over 66.0%, mainly due to bad weather conditions, black pod...
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