This forecast was presented by the national meteorological agency SODEXAM. Some traders even suggest that the forecast of a 25 per cent drop in production may prove to be too optimistic. Last season, the country harvested over 2 million tonnes of cocoa beans, so potential losses could amount to hundreds of thousands of tonnes and significantly affect the global supply of this product, reports Cnbcafrica.
Uncertainty regarding the future harvest has already affected the country’s export policy. Whilst awaiting more precise production estimates, Côte d’Ivoire temporarily suspended the sale of export contracts for the main harvest of the 2026/27 season back in June, after contracts for approximately 1.15 million tonnes had already been concluded. A further deterioration in weather conditions could heighten the risk of a cocoa shortage on the global market and put additional pressure on international prices, particularly if the actual reduction in the harvest approaches the upper limit of the forecast.
Note from Logos Press. According to traders, the cocoa bean and sugar markets are largely interdependent. At the same time, according to most forecasts, the global market is expected to face a shortage and rising prices for both sugar and cocoa beans in the 2026/27 marketing year. In other words, the chances of chocolate becoming more expensive are virtually 100 per cent.
This story was translated with the assistance of artificial intelligence.
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