Economy

After a record drop in cocoa prices, chocolate may become more affordable

Global cocoa prices have plummeted to a 20-month low. This drop puts pressure on chocolate producers around the world. Despite the sharp drop in raw material prices, retail prices for chocolate remain high.

This is evidenced by the data of the ICE New York exchange, the Financial Times reports, "Komersant Ukrainian".

According to the exchange, this week cocoa is trading at about $6,150 per ton, compared to peak values of more than $12,000 in December last year. On the London Stock Exchange, quotes were at about $4,262 per ton, which is 58% below the peak in April 2024.

Earlier, the sharp rise in prices was caused by a number of factors in Côte d’Ivoire and Ghana (which together produce about 60% of the world’s cocoa):

• Dry weather and disease
• Years of underinvestment by farmers

However, the situation is changing. The 2025-2026 harvest is expected to result in supply exceeding global demand.

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