Articles
What Really Happened to Cocoa Prices: A Complete Breakdown of the 2023–2025 Boom and Collapse
Cocoa spent most of 2023 trading quietly around $2,500 per ton, a level aligned with long-standing supply and demand equilibria. That calm ended as structural weakness in West Africa, the region responsible for over 70% of global output, began to surface simultaneously. Untreated swollen-shoot disease, exhausted soil,