Cocoa beans sun toasted

Can the Russia-Ukraine Conflict Coupled with Falling Global Demand Impact the Cocoa Industry?

The cocoa industry is facing a perfect storm of challenges, as plummeting global demand and a war-induced fertilizer shortage threaten to sink cocoa prices to new lows. The conflict between Russia and Ukraine has severely limited exports of fertilizers worldwide, leaving cocoa farmers struggling to keep their crops healthy. Meanwhile, weak demand has undercut prices,…

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Cocoa Fruit

Cocoa Industry in Crisis: Fertilizer Shortages and Weak Demand Push Prices to New Lows

Cocoa farmers continue to face difficulties as global demand weakens and the conflict between Russia and Ukraine limits exports of fertilizers. Cocoa prices have dropped moderately in recent weeks, with both NY and London cocoa posting 2-week and 1-month lows, respectively. According to the European Cocoa Association, Q4 cocoa grindings in Europe fell by 1.7%…

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