The prices of cocoa beans in the world have doubled since the end of 2023
Source: ria
The exchange value of cocoa beans in the world has reached a new historical record - more than $ 8.3 thousand per ton. The price has increased by 2 times since the end of 2023.
In early February, the exchange value of a ton of cocoa beans for the first time since 1977 amounted to 5 thousand dollars, and less than a week later prices increased to 5.5 thousand dollars per ton, exceeding the record of 47 years ago.
During the auction on March 18, the cost of a ton of cocoa beans reached $ 8,380, which is exactly twice the cost of this raw material by the end of 2023. Then the price dropped slightly to $8,310.
The International Cocoa Organization reported in January that the shortage of cocoa beans in the world, which has been going on for two years, will continue in 2024, while difficulties with navigation in the Red Sea will support the current trend towards an increase in the cost of this raw material.
Earlier it was reported that chocolate manufacturers are reducing the amount of cocoa due to rising prices, as well as the fact that rising prices for cocoa beans led to the suspension of a number of the largest processing plants in Ivory Coast and Ghana, which are world leaders in their production.
During the auction on March 18, the cost of a ton of cocoa beans reached $ 8,380, which is exactly twice the cost of this raw material by the end of 2023. Then the price dropped slightly to $8,310.
The International Cocoa Organization reported in January that the shortage of cocoa beans in the world, which has been going on for two years, will continue in 2024, while difficulties with navigation in the Red Sea will support the current trend towards an increase in the cost of this raw material.
Earlier it was reported that chocolate manufacturers are reducing the amount of cocoa due to rising prices, as well as the fact that rising prices for cocoa beans led to the suspension of a number of the largest processing plants in Ivory Coast and Ghana, which are world leaders in their production.
