During a period of civil war in 2010 and early 2011, cocoa futures jumped to 32-year highs as exports were halted out of the Ivory Coast.
ICE cocoa futures are trading around $3,262 per ton after gaining about 20% this year.
Cocoa prices have been strengthened this year due to rising demand, notably out of the emerging markets where a growing middle class is increasing their discretionary spending. [Emerging Markets’ Chocolate Craze Bolsters Cocoa ETNs]
iPath DJ-UBS Cocoa TR Sub-Index ETN
For more information on the cocoa market, visit our cocoa category.
Max Chen contributed to this article.