Agriculture commodity prices surge to 9-year highs, with cocoa prices soaring, leaving chocolate lovers anticipating hyperinflation as prices rise.

Quick Summary:

The price of an agricultural raw material basket has reached its highest level in more than nine years, driven by the skyrocketing surge in cocoa costs, stirring concerns among chocolate lovers around the globe.

The Invesco DB Agriculture Fund (NYSE:DBA) which tracks a broad group of agricultural commodities rose to $24.09 per share on Friday, marking an over 15% increase year to date and achieving heights last seen in mid-January 2015.

Chart: Skyrocketing Cocoa Prices Turn Chocolate Bars More Valuable Than AI GPUs This dramatic increase is largely attributed to persistent concerns over tight supplies from West Africa, ...

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesGhanaIvory Coast

Topics: DBA Stories That Matter Inflation Top Stories NVDA US73936B4086 ETFs Agriculture Specialty ETFs Commodities Analyst Ratings Tech Benzinga Cocoa Expert Ideas Analyst Color Econ #s Chocolate Why it's moving US67066G1040

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-22 @ 20:26:43 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20496434

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 9 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions