No Data
Cocoa Drops as Demand Worries Overshadow Tight Supplies
Supply is in urgent demand, and cocoa inventory has sharply reduced to a historic low.
Due to severe weather and pests, the output from the world's largest cocoa producers, Côte d'Ivoire and Ghana, has significantly declined. The latest data shows that cocoa stocks at the London and New York Exchanges have fallen to historic lows, forcing chocolate manufacturers to seek alternative raw materials to maintain production. In the USA, this year's retail price of chocolate for Valentine's Day is 20% higher than last year.
Is Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) the Best Chocolate Stock to Buy According to Hedge Funds?
Rocky Mountain Chocolate Factory Earnings Call: Strategic Growth Amid Challenges
Rocky Mountain Chocolate Factory Named Among the Top Franchises in Entrepreneur Magazine's Franchise 500 Ranking
BMI Hikes Cocoa Price Forecast as Production-related Concerns Remain
