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Easter's Unexpected Twist: Cocoa Prices Soar 240% in a Year - How Far Can a Ton of Chocolate Take You?

Benzinga LogoBenzinga1 mo ago

Easter's Unexpected Twist: Cocoa Prices Soar 240% in a Year - How Far Can a Ton of Chocolate Take You? - Benzinga

Quick Summary:

Cocoa prices surged to a staggering $10,000 in the last week of March 2024, marking an unprecedented 240% increase from the previous year that’s bound to affect chocolate lovers this Easter.

This surge has placed cocoa’s market performance on par with that of Nvidia Corp (NASDAQ:NVDA), the leading S&P 500 stock over the past year, and notably ahead of Bitcoin‘s (CRYPTO: BTC) 160% increase in the same period.

Chart: Cocoa Rivals Nvidia’s 1-Year Stock Surge, Outperforms Bitcoin The Driving Forces Behind Cocoa’s Price Surge

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Easter's Unexpected Twist: Cocoa Prices Soar 240% in a Year - How Far Can a Ton of Chocolate Take You? - Benzinga (Picture 1)

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-28 @ 17:29:18 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 20545063

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 18 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 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

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