네덜란드 코코아콩 인사이트

The price of cocoa has exceeded $10,000 per tonne, marking a six-month high and reflecting a 50% increase compared to the previous month, according to Coface analysis. This rebound is due to a combination of structural and cyclical factors affecting both supply and demand. Côte d'Ivoire and Ghana, which together account for 58% of global cocoa production, have experienced adverse weather conditions that have significantly reduced harvests. This decline, coupled with the inability of other producing countries to make up for the shortfall, has limited global supply. For the 2024/2025 campaign, global cocoa production is expected to reach 5 million tonnes, insufficient to meet growing demand, especially in Europe and North America. During the 2023/2024 campaign, the supply deficit exceeded 400,000 tonnes, and projections point to an even greater imbalance in 2025. Demand in emerging markets

Cocoa futures prices continued to rise on international exchanges, driven by a combination of unfavorable weather in key producing regions and continued strong global demand.

By: Claudemir Zafalon Cocoa futures contracts due in March fell 1% this Thursday, trading at US$ 10,471 per ton, compared to the previous close. Despite the slight decline, the price of the commodity remains close to historical highs, supported by climate uncertainty and stocks at critical levels. The price hike reflects market volatility, driven by low liquidity and uncertainties regarding the quality and size of the African crop. Ivory Coast and Ghana, responsible for the majority of global production, faced adverse weather conditions, such as periods of drought, which compromised the harvest. Another factor putting pressure on the market is the reduced level of certified stocks in ICE general warehouses in the US, which currently total 1,446,597 bags, the lowest volume in 20 years. This scenario aggravates the perception of risk of shortages in the global market. Recent data from the exporters association GEPEX highlight that milling