Cocoa crisis (2020s)
Period of high cocoa prices
Cocoa crisis (2020s)
After a poor growing season in 2023, the cocoa crisis began as cocoa prices rose rapidly through 2024, repeatedly hitting new highs. The period followed consecutive growing seasons in West Africa impacted by weather and disease. As of October 2025, prices in London had fallen to around US$4,000 per tonne from a high of US$11,530 on 13 June 2024.
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