Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023.
Futures for May delivery were up 3.9% at $10,030 per metric ton, marking the first time the commodity breaks above the $10,000 mark.
Cocoa has been on a tear this year, soaring nearly 138%.
Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields.
Correction: Cocoa prices are up more than 100% this year.
Locations:
Hermankono, Ivory Coast, U.S