Cocoa Prices Soar, Driving Farmers to Plant More Outside Africa
Prices have risen to their highest level in over 50 years, which may help to alleviate the present supply shortage in the global cocoa market.
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Prices have risen to their highest level in over 50 years, which may help to alleviate the present supply shortage in the global cocoa market.
Schmidt Agricola is a large agricultural company producing soybeans, corn and cotton in Bahia, Brazil, one of the country's new-frontier agricultural areas fit for large-scale, high-tech farming. It... -October 02, 2023 at 06:00 am EDT - MarketScreener
The rally in prices to the highest level in nearly 50 years is boosting that trend, which could alleviate the current supply tightness in the global cocoa market.
The rally in prices to the highest level in nearly 50 years is boosting that trend, which could alleviate the current supply tightness in the global cocoa market.
Planting cocoa trees in the Amazon region is considered reforestation