After almost two years of record-breaking highs, cocoa prices plunged sharply in 2025 — yet consumers won’t be seeing cheaper chocolate anytime soon. Despite the retreat in global cocoa markets, chocolate prices continue to climb as demand surges during the festive holiday season.
In Ivory Coast and Ghana, the world’s top cocoa producers, local cocoa prices rose earlier this year after long remaining unchanged. But these prices are determined by their governments and do not immediately reflect global market shifts.
Meanwhile, international cocoa prices have dropped steeply from last year’s levels, with New York cocoa trading around $6,000 per tonne — still high historically, but far below the peaks seen in 2024.
According to Saxo Bank analyst Ole Hansen, the dip comes too late to influence holiday shopping:
“The current slump arrives far too late to affect Christmas assortments already produced and priced months ago.”
Manufacturers had already locked in costs months in advance, meaning consumers will still pay premium prices for chocolate throughout the festive period.
Post a Comment