PREMIUM
Agric. & Environment
Who profits from the soaring price of cocoa?
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.
Cocoa has been on a tear this year, marking the first time the commodity has broken above the $10,000 mark. (AFP / Getty Images)
By: NewVision Reporter, Journalists @NewVision
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