Hot chocolate demand sends cocoa prices soaring

Dated: 15/10/2013
Chocoholics beware. Cocoa has become this year’s hot commodity.

The price of cocoa, the key ingredient in chocolate, has soared more than 20 per cent since January. Recovering demand in the US and Europe, the largest chocolate buyers, and dry weather in west Africa, the world’s key producing region, have transformed demand and supply prospects.

After almost two years