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Cocoa prices have experienced significant volatility, with a notable drop this week due to commercial buyers holding back from purchasing beans. J.P. Morgan predicts cocoa prices will trade higher for an extended period. The market is described as troubled, broken, and illiquid, leading to a near 30% slump in cocoa prices.
#Cocoa's near 30% slump this week is mostly reflecting a broken and illiquid market, more than an improvement in the very tight supply outlook. https://t.co/kzrcQROVok
This Week's Cocoa Price Crash Marks Largest Ever Drop - ZeroHedge https://t.co/0wUmrvQ6Mc
💡 J.P. Morgan - At Any Rate || Global Commodities: West Africa: Cocoa is the new oil: Cocoa prices to trade structurally higher for longer - @HarksterHQ on https://t.co/orvmA6Wqwk Full Story → https://t.co/1Yb9UWVjaW
