Cocoa supply and demand | World Chocolate Directory.org

This chart shows cocoa futures prices in U.S. dollars per metric ton from the 1960s to late 2024. Prices remained relatively low and stable between $0 and $4,000 per metric ton until the late 1970s when poor crop yields in Africa caused prices to spike above $6,000. After that, prices fluctuated between $1,000 and $4,000 for decades, with smaller peaks in the early 1980s, late 1990s, and mid-2010s. The most dramatic spike occurred in December 2024, with prices surpassing $12,000, marking an unprecedented high.

Cocoa Prices Soar: Is the Sweet Treat Becoming a Luxury Indulgence?

January 21, 2025Cocoa supply and demand, Editorial Articles, The Business of Chocolate

Chocolate. It’s the universal language of comfort, celebration, and late-night cravings. But what if your favorite bar of bliss became a rare splurge? That’s the reality we’re inching toward as cocoa prices, after soaring to an unprecedented $12,000 per metric ton in December 2024