SE_Meyer asks:

When will the price per metric ton of cocoa next close below $4,200, according to Trading Economics?

Started Mar 08, 2024 06:00PM UTC
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% 0% 0% 0%
Between 4 May 2024 and 28 June 2024 0.50% 0% 0% +0.30%
Between 29 June 2024 and 23 August 2024 0.70% 0% 0% -1.10%
Between 24 August 2024 and 18 October 2024 3.40% 0% 0% -2.50%
Not before 19 October 2024 95.40% 0% 0% +3.30%

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