23 hours ago · The cost of cocoa has reached a record high, and the price keeps climbing. How is industry reacting and what does this mean for the future of this highly sought after commodity? The price of cocoa hit a record high in December, reaching $10.32 per kilogram. But rather than levelling out, or even declining, the price has continued to rise ...

Sep 23, 2024 · While many commodities have seen unprecedented inflation due to supply chain challenges, one particular product has experienced record-breaking price increases — cocoa. As CNBC reports, in April of 2024, cocoa prices peaked at a cost of $11,000 per metric ton, up from roughly $2,500 in previous years. This represents an increase of over 300% ...

Jan 31, 2025 · Cost of living affects all confectioners. Yet, manufacturers’ cost battle is not isolated to cocoa and chocolate. “Very few categories aren’t affected heavily now through cost, have taken too much cost in the last couple of years, or have pushed through too much price, and volumes are suffering,” shares O’Brien.

Apr 1, 2024 · Cocoa is a market-driven commodity of which the price changes daily and never has the world seen what is currently taking place. Cocoa is at historic high prices and analysts are expecting even further increases. What’s causing this surge, and why is cocoa currently at the highest cost in history?

Mar 26, 2024 · Consumers could start to see the effect of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, …

Mar 19, 2024 · In two months, the global price for cocoa shot up over 75%, from $4,094 per metric ton on Jan. 8 to $7,170 on March 6. Changing weather has threatened cocoa tree health and production,...

Jan 17, 2025 · Rising cocoa costs have continued into the 2024-2025 cocoa season, despite hopes for a shift in the sector’s struggles. With fears around cocoa’s volatility ongoing, manufacturers are pivoting to best navigate these uncertainties in 2025 and beyond.

May 10, 2024 · For much of the past decade, the price of cocoa in one key global benchmark hovered around $2,500 per metric ton. Last year, after poor harvests in West Africa, the price …

Apr 3, 2024 · 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.

Dec 30, 2024 · Its high cost due to a global cocoa shortage, however, has limited chocolate innovations this past year. Bakers are exploring ingredient technologies to extend chocolate usage in recipes to...