PARIS — Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure. This reduces the impact of cocoa price fluctuations — whether upwards or downwards. "Soaring prices have made production more attractive," David Gonzales, coordinator of the Peruvian Chamber of Coffee and Cocoa, told Agence France-Presse. Other smaller intermediaries may find it difficult to advance the funds needed to adapt to the higher prices. But as time goes on, rising raw cocoa prices will eventually hit their bottom line.

Source: Manila Times June 24, 2024 05:55 UTC