Cocoa prices have halved from their peak amid falling consumer demand
Cocoa futures prices have fallen to 20-month lows, roughly half their recent peaks.
The most active cocoa bean futures contract in New York fell to $6,150 per ton during the session. Last December, the contract traded above $12,000.
In London, cocoa futures are trading at £4,262 ($5,713) per ton, down 58% from their multi-year highs seen last April.
The decline in cocoa prices is a result of reduced consumer demand, which in turn was driven by sharp price increases in recent years, according to the Financial Times, citing analysts.
Furthermore, experts expect a good harvest in the largest cocoa-producing countries in West Africa.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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