Cocoa cracks record above $10-K before Easter Sunday

Transcript

00:00 New York and London cocoa prices hit all-time highs due to concerns about supply shortages,

00:06 leading to worries about increased costs for chocolate products.

00:10 The surge in cocoa prices is attributed to poor harvests in major producing countries

00:15 like Ghana and Ivory Coast, as well as speculation over a global supply deficit.

00:21 The market has seen a significant increase in prices, with New York cocoa prices more

00:25 than doubling and London prices jumping by 144 percent this year.

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