Rising cocoa bean prices suppress Guan Chong’s performance
05 Dec 2023
SINCE peaking at RM3.70 in August 2020, shares in cocoa grinder Guan Chong Bhd have been heading south, in tandem with the surge in cocoa bean prices to the highest levels seen in more than 40 years, driven mainly by the tight supply of cocoa beans and the El Niño weather.
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Lee Weng Khuen (2023, Dec 5) Rising cocoa bean prices suppress Guan Chong’s performance
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