economy
Cocoa prices fall to $4.000 a ton
Cocoa futures prices recently hit their lowest level in two years, averaging $4.150 per ton. This is due to a global drop in demand for cocoa because of its high price, coupled with expectations of better harvests in the main exporting countries, Ghana and Ivory Coast.
TL;DR
- Cocoa futures averaged $4.150 per ton, marking a two-year low.
- Global demand for cocoa has dropped due to high prices.
- Expectations of better harvests in Ghana and Ivory Coast are contributing to the price decrease.
- Cocoa futures reached an average of $9.900 per ton in 2024, with peaks of $12.
- Prices declined in 2025, averaging $8.000 per ton through September and $6.000 in the last quarter.
- Drought in 2022 and floods in 2023 in Ghana and Ivory Coast, along with soil overexploitation, reduced exportable production by over 30%.
- This reduction in production had previously caused price hikes.
- Chocolatiers responded by cutting back purchases and experimenting with recipes using less expensive fillings.