Cocoa market on the brink of big price surge
Pierre Andurand examines the reasons for an expected rise in cocoa bean prices. Prices peaked at $12,000 per ton in 2024, and prices are expected to rise again due to a structural supply-demand deficit, a situation exacerbated by poor harvests in Ivory Coast and Ghana, compounded by adverse weather patterns and structural issues like new deforestation laws and global fertilizer shortages.