Prepare your pocket: Easter eggs must have ‘salty’ prices globally; Cacau Show predicts a jump of almost 13%

Consumers can now expect more “painful” prices when purchasing Easter eggs and chocolates in 2024. This is because global prices for cocoa, the main raw material for products, continue to soar on the international market. The main factor that has influenced global prices is the tighter global balance of supply and demand. The year should be the third consecutive year of a deficit in the global balance, in which the world's demand for cocoa exceeds supply. “This is a very rare scenario for the cocoa market, and that is why it generates so much concern. The last time the world saw three consecutive deficits was in 1969. Therefore, with operators anticipating this new deficit this year, global cocoa stocks are also expected to suffer significant declines”, says Leonardo Rossetti, cocoa market analyst at StoneX . The main reason for this drop in supply is due to the crop failure in Côte d'Ivoire and Ghana, the two largest producers of the commodity in the world, which account for 60% ...