Cocoa named the world’s fastest-rising commodity
Translated from English and summarized by DistantNews. Read the original for the full story.
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- Cocoa recorded the largest monthly price increase in August, rising 28.22%.
- Sugar and wheat also posted strong gains, while orange juice, coffee and tea declined among food commodities.
- Cobalt hydroxide suffered the steepest overall fall, dropping 16.75%, while methanol led gains among fuel and energy commodities.
Cocoa was August’s strongest-performing commodity, with prices rising 28.22% over the month. The increase outpaced other food commodities tracked in the data.
Sugar prices rose 19.87% and wheat gained 17.11%. Other food commodities moved in the opposite direction: orange juice fell 6.42%, coffee declined 3.97%, and tea dropped 3.94%.
Among industrial commodities and metals on the Chinese exchange, bitumen recorded the largest increase, rising 21.25%. Silver followed with a gain of 15.96%. Cobalt hydroxide stood out as the month’s biggest overall decliner, falling 16.75%.
Methanol led the gains among fuel and energy commodities on the Chinese market, climbing 21.36%. European natural gas rose 21.12%, and U.S. coal increased 19.21%. Urals crude oil recorded the sharpest decline in that group, falling 8.67%.
About this summary
Originally published by Tengrinews in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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