What in the world is going on with the price of cocoa?

Tuesday, 9 April 2024

The terminal market for cocoa is currently trending at around $10,000 a tonne. This is way higher than the low trending prices of the past decades. Why is the price so high? Are farmers earning from this? What should happen?

We try to answer a few of these questions with this non-paper, which the VOICE secretariat drafted for our membership. If you are a cocoa expert and believe data is missing, feel that points need to be challenged, etc, please reach out to us. We like to be a learning organisation, and our opinions change based on new information, so please do reach out to us. This document is a work in progress, and will likely be amended regularly in the coming months.