Cocoa prices reached an almost 40-years high lately. Due to a decent gap between demand and supply cocoa the forecast doesn´t look better. Weather conditions haven´t been the best this season and the growing demand for cocoa e.g. in the US but also in countries like China have escalated the situation. Even though the Ivory Coast is producing more cocoa than last season Ghana´s production dropped by 18 % in the last season.
Cocoa chart: TradingView