In the News

Commodity Prices - Cocoa Prices Surge to 40 Year High

Geoff Riley

18th January 2024

Share this content:

World prices for cocoa beans have surged to a forty-year high. Supply-side factors are largely to blame but so too is an increase in speculative demand in the future market as buyers scramble to secure dwindling supplies. Is a rise in price always good news for producers?

Commodity Prices - Cocoa Prices Surge to 40 Year High

#Kerala cocoa farmers rejoice as the crop sees a whopping increase in price from Rs 180/kg to Rs 325/kg now, the highest in 44 years.https://t.co/Es3MSu2Hua
— The New Indian Express (@NewIndianXpress) January 17, 2024

Share this content:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

Explore

More for students

Teaching Economics

Commodity Prices - Cocoa Prices Surge to 40 Year High

Geoff Riley

You might also like

Introduction to Microeconomics I Price Volatility in Markets

In the News Teaching Activity – Why is the price of Caribbean hot sauces rising? (June 2026)

Micro Case Study: Ofgem and Price Caps

Why are petrol prices higher and will the price rise last? (Apr 2026)

In the News Teaching Activity – why is the average price of a pint of beer set to rise above £5? (Mar 2025)

In the News Teaching Activity – rising chocolate demand boosts Indian cocoa bean industry (Nov 2024)

In the News Teaching Activity – How fears of peanut contamination may affect the spice products market (Oct 2024)

Brewed to Perfection or Priced Out? The Future of Tea

Explore

More for students

Subjects

Quick links

Student events & courses

Teaching Economics

Commodity Prices - Cocoa Prices Surge to 40 Year High

Geoff Riley

You might also like