Cocoa Shortage 2024 Calendar. — global cocoa prices hit fresh record highs on thursday as traders continued to scramble for supplies, predicting ever wider deficits this season and with concerns growing for the next. Another year of a supply deficit and unfavourable weather conditions in west africa are exacerbating the bullish prices situation.
— cocoa processing likely slowed a bit last quarter, but a steeper slump is looming as chocolatiers start to really feel the pinch of pricey beans. At the start of the month under review, the cocoa market did not appear to be looking past the period of supply tightness and price rallies.