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Tag Archives: Cocoa prices

Concerns raise among producers of chocolate-hazelnut products, as prices soar!

Wholesale hazelnut prices have surged this harvest season due to frost damage in Türkiye, the world’s leading producer, where the crop yields are expected to shrink this year. Hazelnuts The last major frost-related event, before April, affecting crops in Türkiye, occurred in 2014. Following the frost this year, which took …

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Cocoa prices rally in commodity markets after sharp declines…

Despite losses, fall in cocoa harvest quality, cocoa hits 11.200 dollars in April, with expectations of new records… Cocoa prices have soared more than 20 percent in May after sharp declines at the start of the year, returning to above 11,000 dollars per tonne. The price fell more than 34 …

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Ghana raises cocoa price by 45 percent to deter smuggling…

Accra, September, 2024 Ghana’s government has announced a 45-percent increase in the producer price of cocoa for the 2024/2025 crop season, in a bid to curb smuggling. The policy is also designed to improve the welfare of cocoa farmers as the new season begins, said Agriculture Minister Bryan Acheampong. The new price, …

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Hamza Bölük: When chocolate consumption decreases, hazelnut consumption decreases too!

National Hazelnut Council (UFK) President Hamza Bölük said that 205 thousand tonnes of hazelnuts were sold in the 8-month period of the 2023-2024 export season from Türkiye. Bölük stated that they aim to continue exports and increase income. Hamza Bölük Hamza Bölük, who is also the President of Giresun Commodity …

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Chocolate prices continue to rise!

The latest news on the cocoa market is that prices surged to a record high of US$9,733/ tonne late in March 2024 and recently topped US10,051/ tonne as inclement weather decimates yields in major production areas. Consequently, the price of chocolate which is the most popular and the largest byproduct …

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Skyrocketing cocoa prices feared to trigger chocolate shortages worldwide!

‘It’s upsetting considering we haven’t witnessed such a significant decrease in cocoa output in recent years,’ president of Ghana cocoa buyers group tells Anadolu… ACCRA, Ghana… Chocolate lovers around the world may have to brace themselves for a sweet treat shortage as cocoa prices reach unprecedented heights, with economists projecting …

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COCOA HITS HIGHEST PRICE IN 46 YEARS!

Cocoa prices surged to the highest in 46 years on the Intercontinental Exchange in London on Wednesday as bad weather in West Africa threatened production prospects for the main suppliers of the primary raw material used to make chocolate. Cocoa beans The benchmark September contract for cocoa in London gained …

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