Global chocolate prices anticipated to remain high for the remainder of 2024, says key ingredient supplier

A new study from Henley Bridge ingredients has forecast that chocolate prices appear set to remain at a concerning peak for the whole of 2024, as stock market prices continued to rise beyond £5,000 a tonne, placing significant pressure on the global market, writes Neill Barston. Industry observers have noted the alarming rises over the past year, rising from marked low during the pandemic, as key supply chain communities continue to be hit with a combination of major challenges including poor harvests, crop disease, adverse weather, the aftermath of the Covid-19 pandemic, as well as key forest areas being illegally used for gold mining. With farmers in Ghana and Ivory Coast, which continues to make up two thirds of the trade, concerns have been expressed repeatedly over recent years from organisations including Fairtrade, that the viability of the cocoa sector is facing a severe challenge, In its own analysis of the situation, Henley Bridge, which supplies chocolate and other ...