07.05.2024
Why Russia won't lose chocolate.
World prices for cocoa beans have updated a historical record.
One of the reasons is the heavy rains that replaced the abnormal drought for several months. Due to precipitation over the past six months, a disease of cocoa tree shoots has begun in many regions of Africa - thousands of hectares have been infected and destroyed. As a result, cocoa exports from Côte d'Ivoire, the main producer of cocoa beans, decreased. For 2023, the decrease in supplies was 36%.
The second factor affecting the global cocoa bean trade was the tense relations in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa producers with factories in Côte d'Ivoire and Ghana (the second largest producer of cocoa beans) will certify production according to the EUDR system (protection of the country from deforestation of tropical forests), which will also affect the selling price of the product.
Due to all this, cocoa prices increased by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and quickly respond to a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate producers.
One of the reasons is the heavy rains that replaced the abnormal drought for several months. Due to precipitation over the past six months, a disease of cocoa tree shoots has begun in many regions of Africa - thousands of hectares have been infected and destroyed. As a result, cocoa exports from Côte d'Ivoire, the main producer of cocoa beans, decreased. For 2023, the decrease in supplies was 36%.
The second factor affecting the global cocoa bean trade was the tense relations in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa producers with factories in Côte d'Ivoire and Ghana (the second largest producer of cocoa beans) will certify production according to the EUDR system (protection of the country from deforestation of tropical forests), which will also affect the selling price of the product.
Due to all this, cocoa prices increased by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and quickly respond to a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate producers.
07.05.2024
Why Russia won't lose chocolate.
World prices for cocoa beans have updated
a historical record. One of the reasons is the heavy rains that replaced the abnormal drought for several months. Due to precipitation over the past six months, a disease of cocoa tree shoots has begun in many regions of Africa - thousands of hectares have been infected and destroyed.
As a result, cocoa exports from Côte d'Ivoire, the main producer of cocoa beans, decreased. For 2023, the decrease in supplies was 36%.
The second factor affecting the global cocoa bean trade was the tense relations in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa producers with factories in Côte d'Ivoire and Ghana (the second largest producer of cocoa beans) will certify production according to the EUDR system (protection of the country from deforestation of tropical forests), which will also affect the selling price of the product.
Due to all this, cocoa prices increased by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and quickly respond to
a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate producers.
a historical record. One of the reasons is the heavy rains that replaced the abnormal drought for several months. Due to precipitation over the past six months, a disease of cocoa tree shoots has begun in many regions of Africa - thousands of hectares have been infected and destroyed.
As a result, cocoa exports from Côte d'Ivoire, the main producer of cocoa beans, decreased. For 2023, the decrease in supplies was 36%.
The second factor affecting the global cocoa bean trade was the tense relations in the Red Sea region, the main export route for cocoa beans.
From January 1, 2025, all global cocoa producers with factories in Côte d'Ivoire and Ghana (the second largest producer of cocoa beans) will certify production according to the EUDR system (protection of the country from deforestation of tropical forests), which will also affect the selling price of the product.
Due to all this, cocoa prices increased by 30-40%. Despite this, thanks to strategic planning, the ability to analyze and quickly respond to
a changing market, TFS Group continues to provide the Russian market with the necessary volumes of cocoa raw materials, maintaining flexible conditions for chocolate producers.
