Cocoa and sugar prices keep rising. The price of cocoa in New York has risen from nearly $2,200 per ton of beans to over $3,940 on Wednesday, since September 2022

The price of cocoa in New York has reached its highest level since 1978. Sugar is also on a marked upward trend. It was trading on Wednesday, November 15, at 27.6 cents per pound, a price multiplied by 2.6 since April 2020. Price trends are largely linked to climatic vicissitudes. Production is expected to be low in the two major producing countries, Côte d'Ivoire, which accounts for 44% of global production, and Ghana (14%). According to Carsten Fritsch, an analyst at Commerzbank style="font-family: "Bookman Old Style”, "serif"">, the current quarter's harvest could be nearly 30% lower than last year's Re, if we stick to the indications of the Ivorian producers. Price levels were already high last year, with the entire cocoa chain impacted, like all agricultural commodities, by global inflation