InvestIdeas

Cocoa plunges most ever with trader exodus sparking huge moves

By Mumbi Gitau

Despite the recent pullback, the price of cocoa has roughly doubled since the start of the year.

(April 30): Cocoa plunged by the most ever, slumping as much as 27% in just two days, with price swings becoming more extreme as fewer investors and companies can afford to maintain trading positions.

Source: Bloomberg

https://theedgemalaysia.com/node/709963

This Week's Cocoa Price Crash Marks Largest Ever Drop
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Cocoa is down 6.74% to $7,596 per ton today
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Cocoa is trading down 4.95%, below $7,000 for the first time since March this morning as the decline continues
https://x.com/Mayhem4Markets/status/1792531141997613078

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How The Price Of Chocolate's Key Ingredient Surged More Than 300% In 2024
https://m.youtube.com/watch?v=tJwVoma8ZVk

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