Cocoa Bean Price Rise

(MENAFN- Newsroom Panama) A steady rise in the price of cocoa beans over two years became a rocket in March, with futures contracts more than doubling to reach a level twice as high as the previous record. It's a progression that has its literal roots in small West African farms, but also involves climate change and the intricacies of the futures market. The latest surge has been driven in part by the kind of financial turmoil that can happen when commodities rise so fast that they overwhelm strategies
meant to protect against
volatility. Panama is big on cocoa growing and of course is famous locally for their home made chocolate.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.