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International Business Times
International Business Times
Business
Juliette MICHEL

Who Profits From The Soaring Price Of Cocoa?

Barry Callebaut Nestle
In March, cocoa prices rocketed to more than $10,000 a tonne in New York after a poor harvest in West Africa (Credit: AFP)

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

In March, prices rocketed to more than $10,000 a tonne in New York after a poor harvest in West Africa due to a combination of bad weather conditions and disease devastating ageing plantations.

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