Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
Why Your Chocolate Bar Costs the Same Even as Cocoa Prices Drop
Cocoa futures have tumbled roughly 30% from their 2024 peaks, yet the price of a chocolate bar at the register hasn't budged. Lucas and Luna unpack the disconnect, tracing the cocoa supply chain from West African farms to multinational processors and confectioners. They explore how the strong dollar (the trade-weighted index sits at 120.5), the concentration of cocoa grinding in Europe and Asia, and aggressive hedging by companies like Mondelez and Hershey leave smallholder farmers in Ivory Coast and Ghana bearing the risk while margins stay fat downstream. A focused look at commodity…
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