High Prices Causing Bitterness To The Cocoa Industry

Diana Gomes, Senior Equity Analyst, Bloomberg Intelligence

01-Dec-23 07:30

High Prices Causing Bitterness To The Cocoa Industry

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Recent price movements of cocoa caused concern among chocolate connoisseurs. The commodity price soared to the highest in 46 years as bad weather and high fertiliser prices affected crop production. How will this further impact the industry? Diana Gomes, Senior Equity Analyst covering consumer goods for Bloomberg Intelligence shares with us her insights on what is affecting this popular commodity.

Image credit: Reuters

Produced by: Chin Wai Lun, Tun Hizami Hashim

Presented by: Wong Shou Ning, Philip See, Anwar Mahbob

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Categories: markets, economy

Tags: cocoa market, eu, brazil,

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