Cocoa Crashes Hard: Your Chocolate May Get Cheaper Soon with Vanessa Clark
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Cocoa Crashes Hard: Your Chocolate May Get Cheaper Soon with Vanessa Clark
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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Cocoa Price Tracker with Vanessa Clark. I'm Vanessa, your go-to guide for all things cocoa, and today we're diving into the latest buzz on cocoa prices, supply shifts, and what it means for chocolate lovers like you.
Right now, cocoa is trading at around 4,070 dollars per unit, hitting its lowest level since January 2024 according to Fortrade's weekly report. That's a huge drop from the all-time high of 12,911 dollars back in December 2024. Prices plunged nearly 20 percent this week alone, as Refinitiv reports, driven by rising supplies from big producers like Côte d’Ivoire and Ghana, where output is up thanks to better weather and healthier crops. Rabobank forecasts a surplus of 250,000 tonnes for the 2025-2026 season, flipping the script from those tough deficit years.
Demand is softening too, with grindings down sharply, Ecofin Agency notes, Europe saw an 8.3 percent drop, the lowest in 21 years, and Asia fell 4.8 percent. High prices curbed buying, so folks are snapping up cheaper chocolate options or skipping it. But here's a bright spot, Nigeria's production is dipping 11 percent, which could tighten things up. Plus, cocoa just joined the Bloomberg Commodity Index this January, potentially drawing two billion dollars in new investments per Barchart and Citigroup estimates. Technically, it's oversold on the RSI, hinting at a possible bounce.
For you at home, this means chocolate prices might ease soon if surpluses hold, giving makers like Hershey and Mondelez room to lower retail tags and boost sales. Keep an eye on West Africa harvests and the ICCO bulletin coming in February. Smart tip, stock up on your favorites now before any rebound.
Thanks for tuning in, pals. Subscribe, share with your cocoa crew, and catch you next time on Daily Cocoa Price Tracker!
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This content was created in partnership and with the help of Artificial Intelligence AI
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