The price of an agricultural raw material basket has reached its highest level in more than nine years, driven by the skyrocketing surge in cocoa costs, stirring concerns among chocolate lovers around the globe. The Invesco DB Agriculture Fund (NYSE:DBA) which tracks a broad group of agricultural commodities rose to $24.09 per share on Friday, marking an over 15% increase year to date and achieving heights last seen in mid-January 2015. Cocoa, which holds a weight of 21% in the DBA ETF, has seen its price rise by 112% year to date, outperforming stocks like Nvidia Corp. (NASDAQ:NVDA). Cocoa fu…
