On Thursday, February 8, world cocoa prices reached new records. Traders continue to rush for supplies. They expect bigger and bigger deficits this season and growing concerns for the next

Benchmark cocoa futures in London hit a record 4,670 pounds per metric ton during the ICE trading session on Thursday, before closing at 4,660 lbs/ton, gaining 7.3% during the day. Prices have nearly doubled since the start of last year. In New York, benchmark ICE cocoa futures hit a new all-time high of $5,874 per ton, closing up 7.3% to $5,805, after rising by around 90% since the start of

In other commodities, raw sugar increased by 0.4% to 23.98 cents per pound, while white sugar rose 1.4% to $665.70 per ton. Arabica coffee fell 1.1% to $1,8585 per pound and robusta coffee lost 0.2% to $3,109