Cocoa Shortage 2024 In


Cocoa Shortage 2024 In. Cocoa futures contracts have reached new highs, clouding the pricing outlook for chocolate confectionery manufacturers grappling with inflated costs. These issues have drastically affected production, resulting in cocoa futures reaching over $10,000 per metric ton in early 2024—a record high that has disrupted the global market.


Cocoa Shortage 2024 In

The majority of chocolate is made in just two countries and erratic weather from climate change is decreasing cocoa production. Commodities experts expect cocoa bean prices to remain high next year.

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