Cocoa bean prices hit record highs: growth surpassed Bitcoin.
25.12.2024
2399
Journalist
Shostal Oleksandr
25.12.2024
2399
Cocoa beans exceeded cryptocurrencies and the stock market in profitability in 2024
According to a MarketWatch report, in 2024, the price of cocoa beans reached a record 11,954 dollars per metric ton, representing a growth of 185%. This growth proved to be greater than that of Bitcoin (128%) and the S&P 500 index (25%).
Experts predict further rapid price increases for cocoa beans due to a record supply deficit in the market, the largest in the last 60 years. This deficit was a result of the conclusion of the 2023-2024 agricultural season.
Read also
- 'Axis of Aggressors': How China, Iran, and North Korea are Assisting Russia in War - Foreign Affairs
- Sappers have neutralized tens of thousands of deadly 'gifts' from the Russian Federation
- The White House officially confirmed the suspension of arms supplies to Ukraine: what is the reason
- One of the highest indicators: the Armed Forces of Ukraine named the direction of mass use of Russian drones
- 6,000 burial sites prepared at the National Military Memorial Cemetery
- Five world records of the GUR have been recorded in the Book of Records of Ukraine. Budanov received the certificate
