Cocoa Shortage 2024 Ford. The result is a chaotic market. This season, for the third year in a row, cocoa supply is expected to fall short of demand—by 8.5% of global production.
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. After a production shortfall in west africa, cocoa prices rose to $4,000 a metric ton from $2,500.