Cocoa Shortage 2024 Mustang. Can cocoa become fully traceable ahead of the eudr? Cocoa future prices broke the $11,000 mark for the first time, following a report from the european cocoa association which showed resilient european demand despite.
A recovery in cocoa production in the world’s largest growers is set to put an end to a massive bean shortage that sent prices surging to a record this year, according to commodities broker. Both voice network’s fountain and cocoa expert wateridge are forecasting that ecuador will now overtake ghana as the world’s number 2 cocoa by 2027.