After hitting an all-time high of USD 10,000 per ton in April—significantly higher than the 2009 and 2011 peaks of USD 3,700 per ton—cocoa prices dropped to USD 7,000 per ton following the Easter celebrations. Despite this decline, current prices remain three times higher than they were a year ago and are expected to stay elevated. The surge in cocoa bean prices can be partly attributed to intense market speculation, alongside a supply shortage that poses medium-term challenges.
Learn more here: https://www.coface.com/news-economy-and-insights/cocoa-a-deceptive-fall-in-prices
