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Cocoa Crunch: Tariffs, Crops, and the Future of Chocolate

Cocoa Crunch: Tariffs, Crops, and the Future of Chocolate

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This is your Daily Cocoa Price Tracker with Vanessa Clark podcast.

Welcome back to the Daily Cocoa Price Tracker. I’m Vanessa Clark, here to give you the latest scoop on everything cocoa – from market prices to global trends shaping your favorite chocolate treats.

Let’s kick off with where cocoa stands on the global commodity market today. On November 17, cocoa futures opened around eight thousand three hundred thirty-seven dollars per ton, according to trading commentary and market data. That’s after a tough week, where cocoa posted the lowest prices we’ve seen since early last year. The market’s been volatile, with prices retreating amid hopes of a bumper crop in West Africa. Farmers in Ivory Coast are reporting strong harvests, and the dry weather is helping beans dry efficiently. Ghana’s cocoa pods are also developing well, which is great news for supply – and ultimately for manufacturers and chocolate lovers alike.

Why are prices dropping after months of record highs? The biggest news is potential changes in US tariffs. The Trump Administration recently announced plans to lift tariffs on crops not grown in the US, including cocoa. Ecuador, one of the world’s biggest cocoa producers, would especially benefit. Chocolate makers across the US, including long-standing Wisconsin craft confectioners, are welcoming the news after months of feeling squeezed by high cocoa costs and trade policy disruptions. Some said rising cocoa prices had nearly reached a breaking point for their businesses, driving up the cost of basic chocolate bars and holiday candy.

But let’s zoom out a bit. The European industrial chocolate market is on track for strong growth even as cocoa prices fluctuate. Demand for premium chocolate and ethical sourcing practices is rising, and sustainable cocoa butter alternatives are entering the scene. Companies are using technologies like precision fermentation to make cocoa butter substitutes that mimic the smooth melt of chocolate but use fewer resources. While these innovations may ease supply pressures and give manufacturers more flexibility, experts warn they could threaten the livelihoods of millions of smallholder farmers, especially in West Africa. Nearly ninety percent of cocoa worldwide is produced by these farmers, and cocoa can account for up to forty percent of export earnings in some countries. It’s a crucial debate for the industry and consumers who care about where their chocolate comes from.

So what does this all mean if you’re tracking cocoa prices or work in the industry? Today, cocoa is showing signs of stabilizing after a steep sell-off, with technical support levels around eight thousand three hundred seventeen dollars per ton. Analysts say the risk is currently low, but caution is needed with so much volatility. If you’re trading cocoa futures or sourcing for a business, keep an eye on upcoming global crop reports and tariff details. These can swing prices sharply in either direction over the next few weeks.

On the consumer front, expect chocolate prices to remain high, especially for premium and artisanal products. But with tariffs coming down and crop outlooks improving, there may be relief just ahead for chocolate fans and small-scale producers.

Before we wrap up, here’s your actionable takeaway for today: watch the market for updates on tariffs and West African crop conditions. If you’re in food manufacturing, consider strategies for sourcing both traditional and alternative cocoa ingredients to manage risk and support sustainability.

Thanks for tuning in to the Daily Cocoa Price Tracker with Vanessa Clark. Don’t forget to subscribe, leave a review, and join me tomorrow for the latest cocoa market moves and insights you can trust. Happy chocolate tasting!

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This content was created in partnership and with the help of Artificial Intelligence AI
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