World prices for cocoa beans have updated their historical record.

One of the reasons is heavy rains, which replaced the abnormal drought by several months. Due to precipitation over the past six months, cocoa tree shoot disease has begun in many regions of Africa: thousands of hectares have been infected and destroyed.

As a result, there was a reduction in cocoa exports from Côte d'Ivoire, the main producer of cocoa beans. As of 2023, supplies fell by 36%.

The second factor affecting the global trade in cocoa beans was the tension in the Red Sea region, the main export route for cocoa beans.

From January 1, 2025, all global cocoa producers with factories in Côte d'Ivoire and Ghana (the second largest producer of cocoa beans) will certify production under the EUDR system (protecting the country from deforestation), which will also affect the product's selling price.

In connection with all this, the increase in cocoa prices was 30-40%.

Despite this, thanks to strategic planning, 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, while maintaining flexible conditions for chocolate producers.

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