Who benefits from rising global cocoa prices?

게시됨 2024년 6월 26일

Tridge 요약

Record high cocoa prices, driven by a poor harvest in West Africa due to weather conditions and diseases, have led to profitability for producers, bean processors, speculators, and consumers, although small producers in Côte d'Ivoire and Ghana have not significantly benefited from the price increase. The price surge, which is three times higher than last year, is attributed to speculative investing and a decrease in supply. Large processors have had to pay higher prices for cocoa and face challenges in meeting contracts. Chocolate manufacturers are considering ways to offset increased costs, such as changing recipes or reducing portion sizes, to avoid passing on higher prices to consumers.

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원본 콘텐츠

The rise in cocoa prices in financial markets has sent shivers across the sector, but it benefits cocoa producers, bean processors, speculators and consumers unevenly. Prices soared in March, reaching a record of more than US$10,000 (more than 50 thousand reais) per ton in New York. The increase is explained by a poor harvest in West Africa, due to adverse weather conditions and devastating diseases in aging plantations. Since then, prices have fallen, but are still three times higher than last year. – Big differences between producers – In Côte d'Ivoire and Ghana, the two largest cocoa producers in the world, authorities set prices in October “based on prices from previous months”, but by then the harvests “have largely been sold in advance”, he explains. Tancrède Voituriez, from the Center for International Cooperation in Agricultural Research for Development (CIRAD). This reduces the impact of price fluctuations, both upward and downward. As a result, small producers, who ...

출처: Mercado Do Cacau