Articles
Cocoa has crashed. The spectacular surge above $10,000–$11,000 per tonne during the 2024–25 supply panic is long gone, replaced by prices near $5,200–$5,500. Traders call it a correction, chocolate companies call it stabilization, but for Ivory Coast and Ghana — which together produce roughly
Articles
When the rains ended in late 2023 and the cocoa harvest began, few could imagine that this would become one of the most distorted marketing seasons in modern West African history. The global price of cocoa was soaring — reaching levels unseen since the 1970s — yet in the forest villages of
Articles
Over the past 18–24 months, the global cocoa-and-chocolate complex has faced an intriguing paradox. According to the International Cocoa Organization (ICCO), global cocoa bean grindings—the amount of beans processed into chocolate, cocoa powder, and cocoa butter—are down year-on-year and versus prior estimates. At the same time, retail