Consumers may need to think twice before reaching for their third cup of coffee and second chocolate bar of the day. Coffee and cocoa prices have been rocketing this year, and they extended their gains during the Dec. 17 trading session.
March cocoa futures surged $168.00, or 1.43 percent, to a record $11,933 per metric ton on the U.S. ICE Futures exchange. Cocoa prices have advanced 184 percent this year.
