Megan Durisin

(Bloomberg) — Cocoa futures surged above a record $10,000 a ton, extending a historic rally that's already seen prices double this year and will boost the cost of chocolate throughout 2024.

(Bloomberg) -- Cocoa futures extended their rally to a fresh record as adverse weather in West Africa adds to the supply shortage stalking the market.

(Bloomberg) -- China will start an anti-dumping probe into Canada's rapeseed imports, with trade tensions escalating after Justin Trudeau's government imposed tariffs on Chinese-made electric vehicles, steel and aluminum.

The Cocoa Crop Looks Bigger But It Won't Solve Chocolate Crisis Mumbi Gitau and Megan Durisin 4 min read

Cocoa harvests are looking better for the new season, but it may not be enough to bring chocolate costs down much.

(Bloomberg) -- China's corn imports are expected to total just 14 million tons in the current season, less than half of their peak during a buying spree a few years ago, according to the US Department of Agriculture.

Futures for the arabica variety that's favoured in specialty brews have surged 80% this year. By Megan Durisin and Celia Bergin, Bloomberg

(Bloomberg) -- Cocoa futures reached a fresh record in New York as the market grapples with renewed supply concerns, heightening the odds that the high costs already plaguing chocolatiers and consumers will worsen.

(Bloomberg) -- Cocoa futures reached a fresh record in New York as the market grapples with renewed supply concerns, increasing the chances that the high costs already plaguing chocolatiers and consumers will worsen.