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%…