Global cocoa bean prices have reached a historic high. One of the reasons for this is the heavy rains that followed several months of abnormal drought. Due to the rainfall over the past six months, many regions in Africa have seen the onset of a disease affecting cocoa tree shoots, with thousands of hectares infected and destroyed. As a result, cocoa exports from Côte d'Ivoire, the main producer of cocoa beans, have declined. By 2023, the decline in supplies will reach 36%.
The second factor affecting global cocoa bean trade was the tense situation in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa product manufacturers with factories in Côte d'Ivoire and Ghana (the second largest cocoa bean producer) will certify their production under the EUDR (European Union Deforestation Regulation) system, which will also affect the product's selling price.
As a result of all this, cocoa prices have risen by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and respond quickly to a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate manufacturers.
The second factor affecting global cocoa bean trade was the tense situation in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa product manufacturers with factories in Côte d'Ivoire and Ghana (the second largest cocoa bean producer) will certify their production under the EUDR (European Union Deforestation Regulation) system, which will also affect the product's selling price.
As a result of all this, cocoa prices have risen by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and respond quickly to a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate manufacturers.