Cocoa's Epic Sugar High Comes Crashing Down
Key Points
- Cocoa prices have dropped from $12,600 to below $9,600 per t...
Looks like chocolate lovers might need a support group soon - cocoa prices are having quite the meltdown, dropping faster than a candy bar in summer. After December's dizzying peak of $12,600 per tonne, prices have slumped below $9,600 as of February 21, 2025, giving traders and chocolate enthusiasts alike a serious case of financial whiplash.
Bean There, Done That
The wild ride started when Mother Nature decided to play hardball with West Africa's cocoa crops. Ivory Coast and Ghana, the dynamic duo responsible for 60% of global cocoa production, are facing a tough season. Local farmers i...
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