Volatility in global cocoa markets has been pushing candy makers to revisit their chocolate supplies.
Over the past couple of years, international confectioners have been spooked by the wild swings in cocoa prices, fueled by supply challenges in West Africa and growing worldwide demand.
The cocoa market stabilized after peaking in December 2024 at almost $12,000 per metric ton. As of April 17, cocoa futures are slightly above $3,000 on the U.S. ICE Futures exchange.
While there are still issues in global supply chains—aging infrastructure in Ghana and West Africa, black pod disease, and fertilizer shortages—changes in demand helped bring down prices….