In a March 8 Barchart article on cocoa’s parabolic rise, I wrote:
The bottom line is that chocolate prices will increase, and even if cocoa futures decline, we will be paying more for those epicurean delights. When it comes to the rally in the cocoa futures arena, fighting the bullish trend is dangerous as prices can continue to rise. Cocoa prices can continue to rise if the weather in West Africa does not improve, and sellers must limit supplies. Expect lots of volatility in the cocoa futures arena over the coming weeks and months.
