Why Cocoa and Chocolate Prices are Rising - The New York Times
WEBMay 10, 2024 · For much of the past decade, the price of cocoa in one key global benchmark hovered around $2,500 per metric ton. Last year, after poor harvests in West Africa, the price began to creep up ...
Exclusive: African cocoa plants run out of beans as global …
WEBMar 13, 2024 · Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world...
News - International Cocoa Organization
WEBWorld Cocoa Conference 2024 Report Now Available. Abidjan, 07 August 2024 – The International Cocoa Organization (ICCO) is pleased to announce the publication of the report on the 5th edition of the World Cocoa Conference, held in Brussels from April 21st to April 24th, 2024. This landmark….
Cocoa price rises could mean chocolate 'shrinkflation' - BBC
WEBAn industry analyst said reducing product sizes (also known as shrinkflation), cutting cocoa content and adding cheaper ingredients such as nuts, fruit and fillings could be used by some firms to...
Huge supply shortages put cocoa market under strain - Financial Times
WEBMay 1, 2024 · The cocoa market is coming under strain as traders grapple with a massive shortage of beans and the soaring cost of securing long-term supply contracts in the market.
Cocoa Post | Cocoa & Chocolate News | The Voice Of Cocoa
WEBCocoa Post is a global news portal for the cocoa and chocolate industry based in Accra, Ghana. It is reputedly called The Voice of Cocoa.
Chocolate: Cocoa price hits record high as El Niño hurts crops - BBC
WEBGlobal cocoa prices have hit a fresh record high as dry weather hurts crops in West Africa. Cocoa prices on the New York commodities market reached a new all-time high of $5,874 (£4,655) a ton...
Hedge fund stampede into cocoa futures fuels record price jump
WEBFeb 16, 2024 · Big cocoa processors, who turn beans into cocoa butter, are scrambling to find enough supply to meet demand from chocolate makers, warned analysts and traders.
Cocoa prices recover after slumping 20% amid record low liquidity
WEBApr 30, 2024 · World cocoa prices recovered on Tuesday after clocking losses of more than 20% for the week earlier in the session as technical triggers prevailed thanks to record low liquidity, dealers said ...
Latest News Archives - International Cocoa Organization
WEBTaking into account available trade data and published grindings data, cocoa demand outstripped global supply. Considering the market balance, a production deficit of 462,000 tonnes is forecast for the 2023/24 season. Total end-of-season stocks are envisaged at 1.324 million tonnes.
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