Cocoa bean futures for March have fallen to a record low.
“Elchi” reports that this was noted in trading data on the London ICE exchange.
Contract prices fell below $3,260 per ton of raw materials for the first time since the summer of 2023. The last time cocoa beans became cheaper was about two years ago in June.
At its peak, futures fell almost six percent to $3,259 per ton. At the time of writing, the price adjusted to $3,340 per ton, a decrease of 3.58 percent for the day.
Since the beginning of the year, the price of cocoa has decreased by 46.27 percent. Compared to the peak recorded in December 2024, prices have decreased by 74.8 percent.
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