The global cocoa market is currently facing a challenging situation. The supply of cocoa beans has been in deficit for two consecutive years, and another deficit is expected for the current season. Meanwhile, the demand for cocoa is uncertain leaving the future of the industry with a dire outlook. According to the latest report from […]
COCOBOD hints of a likely upward adjustment of cocoa farmgate price in October
The price of cocoa in the international market has in recent times recorded a steady rise. Figures from International Cocoa Organization Market Report indicate that the global cocoa market has been experiencing increases in prices since April 2023 with a tonne of cocoa beans which was US$2,630 in London and US$2,868 in New York now […]