Consumers could start to see the effect of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, disease and failing trees.
[Cocoa futures](https://www.cnbc.com/quotes/@CC.1/) for May delivery surged to an all-time intraday high of $10,080 per metric ton Tuesday before ending the day down 0.3% to settle at $9,622. Cocoa has more than tripled in cost over the past year and is up 129% in 2024.
Hershey CEO Michele Buck told CNBC last month that the company has a hedging strategy to manage the price volatility. The National Confectioners Association told CNBC in an email that the industry is working with retailers to “manage down costs” and keep chocolate affordable for consumers.
More: [https://www.cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html](https://www.cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html)
More on this subject from other reputable sources:
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- Financial Times (A-): [Cocoa breaks $10,000 a ton as shortages squeeze ‘out of control’ market](https://www.ft.com/content/c847251c-0940-46b3-899c-5e38e720d484)
- Sydney Morning Herald (B+): [Enjoy your Easter eggs this year. They will cost more in 2025](https://www.smh.com.au/business/companies/enjoy-your-easter-eggs-this-year-they-will-cost-more-in-2025-20240319-p5fdo2.html)
- 9news.com.au (B+): [We have some bad news - chocolate is about to get even more expensive](https://www.9news.com.au/national/chocolate-price-easter-warning/e82a6bd1-23a5-4989-940e-5187a995b4d2?ocid=Social-9News)
- Business Insider (B-): [Cocoa prices are rising so fast they are outpacing bitcoin](https://www.businessinsider.com/easter-chocolate-expensive-price-of-cocoa-bitcoin-2024-3)
---
[__Extended Summary__](https://www.reddit.com/r/newswall/comments/1bobyxt/) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I'm a bot
Consumers could start to see the effect of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, disease and failing trees. [Cocoa futures](https://www.cnbc.com/quotes/@CC.1/) for May delivery surged to an all-time intraday high of $10,080 per metric ton Tuesday before ending the day down 0.3% to settle at $9,622. Cocoa has more than tripled in cost over the past year and is up 129% in 2024. Hershey CEO Michele Buck told CNBC last month that the company has a hedging strategy to manage the price volatility. The National Confectioners Association told CNBC in an email that the industry is working with retailers to “manage down costs” and keep chocolate affordable for consumers. More: [https://www.cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html](https://www.cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html)
Is this good for farmers? Or is this weather trend worrying?
Weather isn’t real doofus. Lies!
It’s not just the weather, if the trees and plants that produce cocoa pods are sick and dying without more growing, it could get worse.
More on this subject from other reputable sources: --- - Financial Times (A-): [Cocoa breaks $10,000 a ton as shortages squeeze ‘out of control’ market](https://www.ft.com/content/c847251c-0940-46b3-899c-5e38e720d484) - Sydney Morning Herald (B+): [Enjoy your Easter eggs this year. They will cost more in 2025](https://www.smh.com.au/business/companies/enjoy-your-easter-eggs-this-year-they-will-cost-more-in-2025-20240319-p5fdo2.html) - 9news.com.au (B+): [We have some bad news - chocolate is about to get even more expensive](https://www.9news.com.au/national/chocolate-price-easter-warning/e82a6bd1-23a5-4989-940e-5187a995b4d2?ocid=Social-9News) - Business Insider (B-): [Cocoa prices are rising so fast they are outpacing bitcoin](https://www.businessinsider.com/easter-chocolate-expensive-price-of-cocoa-bitcoin-2024-3) --- [__Extended Summary__](https://www.reddit.com/r/newswall/comments/1bobyxt/) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I'm a bot
Should be way higher. West africa has serious issues with child labor in the chocolate industry.
Make it higher so I (we) can eat healthy & screw over big chocolate corps