Cocoa prices in NY reach $10,000/tonne amidst poor harvests in Ivory Coast and Ghana, impacting growers, processors, and chocolatiers differently.
Soaring cocoa prices, reaching $10,000/tonne in NY, have unequal impacts on cocoa growers, bean processors, speculators, and chocolatiers. Poor harvests in West Africa due to weather and disease hit Ivory Coast & Ghana, world's largest producers. Despite prices being 3x higher than last year, small-scale producers don't benefit immediately due to pre-sold harvests.
June 23, 2024
3 Articles