What is the price of cocoa beans today?
Cocoa Bean Price (I:CBPNM) Cocoa Bean Price is at a current level of 9000. This is a change of 10. Cocoa prices peaked near $13,000 per metric ton in late 2024 due to global demand, poor weather, and supply shortages, though they’ve recently dipped slightly.The world market price of cocoa has witnessed the highest levels of volatility over the past 12 months. Spot prices moved from around US$2,000/ton in March 2023, peaked at US$12,072/ton in February 2024 before dropping significantly to US$7,960/ton in September 2024.The International Cocoa Organization projects that global cocoa supply will drop by 13% to 4.After testing a significant resistance zone, Cocoa futures prices are once again moving lower, continuing the bearish retracement that started on December 18, 2024. This current downward leg is expected to break below the April 2025 low, potentially reaching the 6576–5356 area.High temperatures, ageing trees and disease have lowered cocoa supplies and raised prices. Cocoa prices surged almost 300 percent last year, making chocolate bars, Easter eggs and cocoa powder much more expensive this year than last.
Will cocoa prices go up?
A Price Surge Like Never Before In December 2024, cocoa prices reached an all-time high, surpassing $12,000 per metric ton—a staggering increase from around $2,000 in 2022. This historic surge is shaking up the chocolate industry, with major companies passing costs onto consumers. Demand continues to grow. Over the last 40 years, demand has tripled, mainly driven by Europe and North America. By 2023/2024, 4.The rise in cocoa prices is largely due to a global cocoa shortage, which has persisted since early 2024. Disease pressures, climate change and threatening weather have ravaged crops in West Africa, which contributes around 80% of the world’s cocoa output, and cocoa availability is at historical lows.Cocoa is expected to trade at 8367. USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 9759.For every tonne of cocoa sold, farmers are estimated to receive less than 7% of the value. By comparison, manufacturers capture an estimated 35% share and retailers 44%.Côte d’Ivoire (the Ivory Coast) is the largest producer of cocoa in the world, producing over 2 million tons a year. About 75 percent of the land in Côte d’Ivoire is suitable for growing crops, and almost half of its citizens work in agriculture, including many children.
Why is the cocoa price dropping?
Why are cocoa prices falling? Global cocoa production is recovering after poor growing conditions cut yields and put pressure on supplies. The 2024/25 season is forecast at 4. That’s an 8% year-on-year increase. Droughts, floods, and plant diseases thrashing the region last year contributed to record cocoa prices, which in turn caused the cost of chocolate to jump, according to a report by the nonprofit Christian Aid, which works toward sustainable development and economic justice.Cocoa is not becoming extinct, but its production is under threat due to factors like poor farmer incomes, climate change, aging trees, deforestation, pests, and diseases.Cocoa crisis (2024–present) As of February 2025, cocoa prices have repeatedly hit record highs since 2024, after consecutive growing seasons in West Africa were impacted by weather and disease.Cocoa prices will remain elevated despite some potential declines amid higher input and sustainability costs, confectionary company Lindt & Sprüngli’s CEO Adalbert Lechner told CNBC.
Why is cocoa running out?
Rising temperatures and irregular rainfall patterns have led to a significant decrease in yields in key cocoa-producing regions. In more extreme cases, droughts and floods have devastated crops. Second, decreased biodiversity and soil health mean the crops that do develop are less viable. Why Cocoa Is in Short Supply? The most significant factor behind the cocoa shortage is severe weather in West Africa. Heavy rains have caused serious challenges for cocoa farmers, leading to issues like flower drop – the premature shedding of flowers before they develop into pods – and the spread of black pod disease.Cocoa is a luxury commodity and a crucial ingredient in many of life’s finer things: from sweets to pharmaceuticals, to various cultural dishes. Its popularity makes it a prominent asset on the stock market, but supply problems, environmental and political issues can sometimes make it an unstable investment.Cocoa farming in Nigeria isn’t just about growing beans—it’s a lifeline for over 300,000 smallholder farmers and a key contributor to the economy. Cocoa is one of the country’s top agricultural exports, bringing in billions in revenue and supporting livelihoods across rural communities.Cocoa is expected to trade at 10308. USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 12032.
Why is cocoa crashing?
Global cocoa production has been impacted for the last four years due to a rapidly changing climate, and also El Nino and La Nina effects. For a small manufacturer, this has the potential to put us out of business long term as our wholesale price for 2025 is very close to passing our retail price of 2023. We are pleased to announce that the producer price of cocoa for the 2024/25 season is GH¢48,000. GH¢3,000.Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7. MMT.Despite hopes for a better crop in the 2024/25 season, cocoa prices look set to remain high in the medium term due to supply-side constraints and firm demand, before hovering around the $6,000/tonne mark once the market reaches a balance.Yesterday Reuters reported that the consultancy Commodity Risk Analysis has forecast a 325,000-ton global cocoa surplus for the upcoming 2025/26 season, which they said was the first surplus in three years. They credited investments in cocoa production in Ecuador, Peru, Nigeria and Brazil in the wake of higher prices.
What is the drop rate of cocoa beans?
Cocoa beans can now be used to craft cookies. Jeb revealed cocoa with a screenshot. For only this snapshot, cocoa beans have been given a small (0. Generally, the average cacao yield can vary from 300 to 2,000 kg per hectare (268-17844 lb/acre), depending on the region, variety, agricultural practices applied, crop density, and the age of the trees.One cacao tree can produce about 40 cocoa pods a year, which can equal up to 2 kilograms or nearly 9 lbs of cocoa beans. Cacao beans being crushed, with the nibs (kernel) mixed together with the husk (shell or “testa”) of the cocoa bean.