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Commodity Prices Soar Amid Shortages
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Cocoa futures in London and New York surged to record highs fueled by a supply shortage, with robusta coffee also hitting a 16-year peak. Tight supplies and concerns about crop outlook in Vietnam contributed to the price spikes.
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How might the record high cocoa and coffee prices impact consumers and businesses in the food and beverage industry?
In what ways could the current supply shortage of cocoa and coffee affect global trade and economic dynamics?
What strategies can cocoa and coffee producers adopt to mitigate the effects of supply shortages on their operations?
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