logo
welcome
CNBC

CNBC

Business

Business & Economics

Cocoa prices climb to new record high, prompting fresh warnings about extreme volatility

CNBC
Summary
Nutrition label

89% Informative

Cocoa futures for March delivery in New York traded 1% higher at $ 11,938 per metric ton at around 7:10 a.m. ET on Tuesday .

Price of chocolate's key ingredient has skyrocketed this year , prompting analysts to issue fresh warnings about extreme price volatility.

It comes amid renewed concerns over adverse weather conditions and supply tightness in West Africa .

VR Score

93

Informative language

93

Neutral language

83

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links