Reuters poll suggests cocoa prices may drop by 10% due to COVID-19

A Reuters poll of London cocoa futures forecast cocoa would cost 10% less at the end of the year, because of rising production and a hit to demand from the coronavirus crisis. But chocolate bars will not necessarily get cheaper partly because the price of cocoa is only one ingredient in the mix that makes up the retail price. DEMAND HIT BY LOCKDOWNS The impact of coronavirus lockdowns cur...