OREANDA-NEWS   March futures for the supply of cocoa beans fell to a record low. This is evidenced by trading data on the London stock exchange ICE.

The value of contracts fell below $3,260 per ton of raw materials for the first time since the summer of 2023. The last time cocoa beans were cheaper was about two years ago in June.

At the peak, futures fell by almost six percent to $3,259 per ton. By the time of writing, the cost had adjusted to $3.34 thousand per ton, with a drop of 3.58 percent by the end of the day.

Since the beginning of the year, the cost of cocoa has fallen by 46.27 percent. Compared to the maximum recorded in December 2024, prices decreased by 74.8 percent.

Dmitry Leonov, Deputy Chairman of the Board of the Rusprodsoyuz Association of Food Producers and Suppliers, admitted that prices for chocolate and sweets will stabilize in Russia in 2026. The reason will be the continued decline in cocoa futures and improved supplies from West Africa. The expert also pointed to the plans of the authorities of the European Union to postpone and revise the rules for combating deforestation, which provided some reduction in prices.