Introduction   2025 was a tumultuous year for cocoa markets. Following the huge shortage of 2024, which led prices to reach their highest level in history, in the last year we saw a completely different picture, as the apocalyptic scenario of cocoa bean extinction did not materialize. Instead, traders were hit by a production rebound, while demand plummeted to its lowest level in almost a decade.  As a result, cocoa did not carry on its dream of ever higher tops, but fell back to levels not...

Read Part 1 here Ghana Cocoa Sector At-a-Glance   • Production: 700k–800k tons per year.  • Main Regions: Ashanti, Brong-Ahafo, Western North, Eastern.  • Cocoa Type: Mostly Forastero.  • Farm System: 800k+ smallholders, ~2–3 ha each.  • Harvests: Main (Oct–Mar) and light (May–Aug).  • Market: State-regulated by COCOBOD.  • Pricing: Fixed farmgate price set by COCOBOD.  • Economy: Cocoa is 2–3% of GDP, 20% of jobs, one-third of exports.  Introduction   In the first part of our cocoa Origin...

Ghana Cocoa Sector At-a-Glance   • Production: 700k–800k tons per year. • Main Regions: Ashanti, Brong-Ahafo, Western North, Eastern. • Cocoa Type: Mostly Forastero.  • Farm System: 800k+ smallholders, ~2–3 ha each. • Harvests: Main (Oct–Mar) and light (May–Aug). • Market: State-regulated by COCOBOD. • Pricing: Fixed farmgate price set by COCOBOD. • Economy: Cocoa is 2–3% of GDP, 20% of jobs, one-third of exports .  Introduction   Cocoa is a unique market in part because it is heavily...