The cost of chocolate confectionery has increased sharply in the past few years as cocoa prices have soared after poor harvests in the main growing regions of Ghana and Côte d’Ivoire over the past three years, amid extreme temperatures and unusual rainfall patterns driven by the climate crisis.

cocoa commodity price has dropped sharply over the last 2 years

https://tradingeconomics.com/commodity/cocoa

See the 5 year chart.

From a peak of 12000 to around 5000 now.

8 December 2025

Cocoa prices under pressure amid supply glut

https://think.ing.com/articles/cocoa-prices-under-pressure-amid-supply-glut/

> Cocoa has been one of the worst-performing commodities this year on the back of easing supply concerns. The market is set for another surplus in 2025/26, which should see stocks continue to recover and put further downward pressure on prices