What's Happening in the Cocoa Industry

With the cocoa industry in a state of unknown, what does the near future look like in regards to cocoa supply?

In 2024 alone, cocoa prices have surged more than 150%, due to several reasons including erratic weather conditions and tree disease. Because of this, overall cocoa production this year is less than normal, creating a worldwide shortage of cocoa beans that is possibly the worst shortage the industry has seen in over a decade. 

Due to the ripple effect of these shortages, we are seeing immense pressure being placed on all manufacturers and suppliers. And although there is no light at the end of the tunnel just yet, forecasters are hopeful for a slight softening of prices in the coming months.

The NFTC team is continuously monitoring this industry wide situation. If you have any questions, our team are here to assist in anyway they can. Contact your Account Manager today, or email info@nftc.com.au for more information.