Price History
Source: Yahoo Finance · Prices delayed up to 15 minutes
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About Cocoa
Cocoa is the primary raw material for chocolate, grown almost entirely in the narrow tropical belt of West Africa, Southeast Asia, and Latin America. The Ivory Coast and Ghana together account for over 60% of global supply, creating extreme geographic concentration risk.
Why Investors Watch Cocoa
Cocoa hit all-time highs above $11,000/metric ton in 2024 — a 3x move driven by El Niño-related crop failures in West Africa. The market is small by commodity standards, amplifying the impact of supply shocks. Climate change is threatening the viability of traditional growing regions over the long term.
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