Cocoa price predictions are a hot topic on Tuesday as demand for chocolate ahead of Easter has the commodity’s value soaring higher.
The big news worth noting is that the price of cocoa has surpassed $10,000 per metric ton. This marks the first time that the price of cocoa has ever soared this high. This comes as major producers are having problems with weather and disease. It’s also worth noting that this has it among the most valuable commodities.
Bloomberg Intelligence analyst Diana Gomes said the following about cocoa prices in a note posted on Bloomberg.
“Chocolate may be even more expensive in Easter 2025, if cocoa-tree diseases and inclement weather prolong the deficit amid high sugar prices.”
Let’s check out where the price of cocoa could head next with some of the latest predictions below!
Cocoa Price Predictions
- Starting us off is Gov Capital with its one-year price prediction of $11,809.11 for the commodity.
- Trading Economics predicts that the price of cocoa will fall to $9,165.50 per metric ton one year from now.
Investors interested in other market news that’s worth reading about today will want to stick around!
We have all of the deepest dives into the most recent stock market stories traders need to know about on Tuesday! Among that is what’s going on with shares of Krispy Kreme (NASDAQ:DNUT), Marathon Digital (NASDAQ:MARA) and MicroStrategy (NASDAQ:MSTR) stock today. You can catch up on all of these matters by checking out the links below!
More Stock Market News for Tuesday
- DNUT Stock Soars 29% as McDonald’s Deal Supercharges Krispy Kreme
- MARA Stock Alert: Marathon Takes Advantage of Bitcoin Rally With New Mining Update
- MSTR Stock Alert: MicroStrategy Releases New AI Bot
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
