The price of cocoa has shot up, and it will soon be felt in retail as well
Cocoa prices on the international market have made huge jumps in the past period, which will soon be felt by consumers in the rise of retail prices. Cocoa prices, reaching almost 10,000 dollars per ton, are now close to the record set 46 years ago, which undoubtedly causes concern among chocolate lovers.
Sudden increases in cocoa prices are usually caused by some unexpected event, such as a major production or supply problem. In this case, the world’s largest cocoa-producing countries, especially West Africa, experience a serious drop in the amount of the crop, which can serve as the main reason for the drastic price increase.
One of the characteristics of the cocoa market is that traders and processors often use futures contracts to insure themselves against price changes. In this way, both parties would seek stability and would avoid huge risks. However, an unexpected imbalance or change in the system can easily confuse the market, leading to a drastic price increase.
Related news
According to the GVH’s investigations, retail is not the culprit in price increases.
It is not the retail trade that is responsible for…
Read more >The World of Gastronomy Once Again Turns Its Eyes to chocoMe – Ten New Awards at the 2025 Great Taste Awards
Hungarian craft chocolate brand chocoMe has once again made its…
Read more >Trump’s new tariff strategy could redraw the global map of coffee and cocoa trade
Tropical agricultural products such as coffee and cocoa may be…
Read more >Related news
According to the GVH’s investigations, retail is not the culprit in price increases.
It is not the retail trade that is responsible for…
Read more >Nestlé remains the world’s most valuable food brand, according to Brand Finance
Nestlé has been the world’s most valuable food brand for…
Read more >Back to school: families plan with an average of 50-75 thousand forints
According to a recent survey by REGIO JÁTÉK, starting school…
Read more >