Cocoa Caps 2024 as Biggest Commodity Winner. It's Not Over Yet.

Cocoa has emerged as the top-performing commodity in 2024 due to supply shortages in West Africa, causing prices to nearly triple. The market's volatility has led to record-high prices and challenges for traders and chocolate makers. Concerns about weather, crop disease, and low futures liquidity continue to drive cocoa prices to unprecedented levels, impacting the industry's ability to fulfill contracts and maintain profitability. [Extracted from the article]