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The meltdown in chocolate is coming deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.
The world needs higher cocoa prices to encourage re-planting millions of old trees. If every farmer applied a little more fertilizer, and had pesticides at hand, production could recover. That, or projected chocolate demand growth needs to slow, if not fall. Market forces will eventually rebalance the market, but everyone must brace for a few years of higher prices ....
It was billed in the World Cocoa Foundation agenda as a ‘Fireside Chat.’ Still, the conversation was anything but cozy as the 2024 Partnership Meeting welcomed back Yves Brahima Koné, Cote d’Ivoire’s Coffee & Cocoa Council director general, and Joseph Boahen Aidoo, CEO of the Ghana Cocoa Board, to discuss, among other topics, cocoa production, climate change, farmer income, and the European Union Deforestation Regulation (EUDR). ....
Hedge funds have piled into the cocoa market since the end of last year, exacerbating a record-breaking surge in prices sparked by poor harvests in West. ....