Cocoa: The Global Trade Of "Brown Gold"
4 Articles
4 Articles
Cocoa: The Global Trade Of "Brown Gold" - Nemos News Network
Last year, a cocoa shortage drove up prices for European chocolate makers and consumers. This was largely due to an exceptionally wet rainy season as well as a viral cocoa disease that severely impacted the 2023/2024 harvest in West Africa. However, the situation is expected to improve this year, according to industry experts. In a note published […]
Is the cocoa crisis over? West African harvests signal sweet relief for 2025
A dramatic decline in cocoa production owing to bad weather and disease in West Africa caused prices to skyrocket, putting pressure on European chocolate makers and raising prices for consumers worldwide. Despite this scenario, a Statista report shows that after three years of deficits, the tide may finally be turning.In late February, the International Cocoa Organisation (ICCO) forecasted a probable excess for the 2024/2025 harvest. This might …
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