International cocoa bean prices have dropped to their lowest level in the last two years, but banks warn that the market is "oversupplied," which could generate short-term turbulence.
Raluca Ioana Draghici
Economy
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Cocoa bean prices have dropped significantly, reaching $6,090 per ton, the lowest level in 2024, after a record increase last year. The rise in prices was influenced by difficult agricultural conditions, but recently, the governments of Côte d'Ivoire and Ghana have raised the minimum price paid to farmers, reducing supply pressure. Analyzing speculative trends, banks warn that the market is extremely oversold, which could lead to a sharp rebound in prices.
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