Cocoa Prices Surge Above $10,000 per Metric Ton
By
Lorenzo Bastiani
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Cocoa prices are soaring, breaking the $10,000 per metric ton barrier for the first time in history. This surge, attributed to lackluster harvests in West Africa and hedge fund activity, amounts to a staggering 140% increase for the year. The confectionery and food industries are now compelled to raise prices and reduce product sizes. Such steep price hikes in cocoa are daunting for chocolate manufacturers and consumers alike, indicating potential shifts in the market's supply dynamics.