SE_Meyer asks:
When will the price per metric ton of cocoa next close below $4,200, according to Trading Economics?
Closing Oct 18, 2024 07:01AM UTC
Prices for cocoa, the main ingredient for the production of chocolate, have reached all-time highs as El Niño impacts crops in West Africa, which produces much of the world's supply (Yahoo, NASDAQ, BBC). The outcome will be determined using price data (USD/MT) as reported in the US by Trading Economics (Trading Economics, select "1Y" on the lower left of the chart). On 1 March 2024, the price per pound was USD 6,769.00.
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| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Before 4 May 2024 | 0.10% | 0% | 0% | -0.20% |
| Between 4 May 2024 and 28 June 2024 | 0.40% | 0% | 0% | -0.30% |
| Between 29 June 2024 and 23 August 2024 | 1.10% | 0% | 0% | -0.20% |
| Between 24 August 2024 and 18 October 2024 | 2.70% | 0% | -0.40% | -0.50% |
| Not before 19 October 2024 | 95.70% | 0% | +0.40% | +1.20% |