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Cocoa Prices Decrease 30 Percent in 2025 After Record High
(MENAFN) Cocoa prices have experienced a significant decline of over 30 percent in 2025, reversing the sharp increases observed in global markets the previous year.
After reaching unprecedented highs, the commodity has been on a downward trajectory this year.
At the close of 2024, the price of cocoa per ton had surged by 178.2 percent, ending the year at USD11,675, after peaking at an all-time record of USD12,931. However, in 2025, the price dropped by 33 percent compared to the previous year, falling below USD8,000 per ton.
The record highs of last year were primarily driven by concerns over supply. Adverse weather conditions in West Africa, combined with declining global stocks, pushed prices upward.
The weakening production in the Ivory Coast and Ghana, the world's leading cocoa producers, was a key factor in tightening supply.
Exporters in the Ivory Coast refused the cocoa beans because of quality problems, fueling concerns of a potential global shortage.
Furthermore, a reduction in cocoa harvests from the Ivory Coast added to the price spike.
Major cocoa processing plants in both the Ivory Coast and Ghana either scaled back or stopped production due to the high costs of cocoa seeds, worsening supply shortages.
Additionally, unfavorable weather, such as prolonged droughts, heavy rains, as well as plant diseases like the cacao swollen shoot virus (CSSV), further disrupted the supply chain.
After reaching unprecedented highs, the commodity has been on a downward trajectory this year.
At the close of 2024, the price of cocoa per ton had surged by 178.2 percent, ending the year at USD11,675, after peaking at an all-time record of USD12,931. However, in 2025, the price dropped by 33 percent compared to the previous year, falling below USD8,000 per ton.
The record highs of last year were primarily driven by concerns over supply. Adverse weather conditions in West Africa, combined with declining global stocks, pushed prices upward.
The weakening production in the Ivory Coast and Ghana, the world's leading cocoa producers, was a key factor in tightening supply.
Exporters in the Ivory Coast refused the cocoa beans because of quality problems, fueling concerns of a potential global shortage.
Furthermore, a reduction in cocoa harvests from the Ivory Coast added to the price spike.
Major cocoa processing plants in both the Ivory Coast and Ghana either scaled back or stopped production due to the high costs of cocoa seeds, worsening supply shortages.
Additionally, unfavorable weather, such as prolonged droughts, heavy rains, as well as plant diseases like the cacao swollen shoot virus (CSSV), further disrupted the supply chain.
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