Cocoa prices skyrocketed to unprecedented heights in 2024
It was a thing of Joy for Cocoa farmers with global prices reaching an all-time high of over $12,900 per tonne. This surge was driven by a perfect storm of factors, including reduced production in major producing countries, supply chain disruptions, and escalating logistics costs. The top cocoa-producing countries, Côte d’Ivoire and Ghana, faced significant…