Abidjan, 17 July 2023 – The International Cocoa Organization releases the Cocoa Market Report for June 2023. The current report highlights the following insights:
- In Europe, cocoa beans originating from Ghana and Côte d’Ivoire traded with the highest premium followed by Ecuadorian and Nigerian cocoa beans; while in the United States African origins received a higher premium compared to Ecuador.
- In the course of June 2023, the global cocoa market was bullish and prices of the front-month contract were substantially higher year-on-year, generally above the symbolic threshold of US$3,000 per tonne, on both the London and New York markets.
- The market was mostly constrained by the uncertainties surrounding the supply side due in part to the adverse meteorological conditions that prevailed in Côte d’Ivoire.
You can download the complete report by clicking here.