Cocoa beans have become the most profitable raw commodity in 2024, surpassing even Bitcoin and the American stock market.
According to MarketWatch, the price of cocoa for March delivery reached $11,954 per metric ton, reflecting an increase of nearly 185% since the beginning of the year. For comparison:
This situation is driven by a significant supply shortage. For the agricultural year 2023-2024, the cocoa market has faced its largest deficit in the last 60 years.
Experts note that there are currently no signs of the price rally coming to an end, and the rise in cocoa prices may continue.