CNBC
•77% Informative
Cocoa futures prices have surged more than $1,000 or nearly 40% since the start of the year to hit an all-time high of $ 5,874 per metric ton.
The El Nino weather phenomenon is causing drier temperatures in West Africa , where three-quarters of the world's cocoa is produced.
Hershey CEO Michele Buck says earnings growth will be flat this year due to high cocoa prices. Hamza Hussain ighLightText__NxlGi">2024 TD Asset Management "summaryFeed_highLightText__NxlGi">Thursday this week pan class="summaryFeed_highLightText__NxlGi">CNBC West Africa pan class= three quarters ighLightText__NxlGi">Buck more than $1,000 Gi"> nearly 40% span> the start of the year eed_highLightText__NxlGi">nearly 12% 5,874 Thursday ed_hig El Nino ext__NxlGi">$349 million West Africa ghtText__NxlGi">fourth qu Ghana Ivory Coast lass=" two maryFeed_highLightText__NxlGi">Hershey this year Hamza Hussain xt__NxlGi">Thursday TD Asset Management ryFeed_ CNBC L Thursday __ Hershey Michele Buck
VR Score
86
Informative language
90
Neutral language
67
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links