Ukrainians should not expect a decrease in the price of chocolate yet, although cocoa beans are becoming cheaper globally. This was explained by Doctor of Economics Bohdan Dukhnytskyi, noting that global risks prevent production from stabilizing, writes 24 channel.
The expert explained that due to drought and the renewal of plantations in West African countries, which are the main cocoa producers, the global market remains unstable. Although the cost of raw materials has gradually decreased in recent months, it has not yet affected retail prices.
How cocoa prices have changed
According to the International Cocoa Organization, there has been a decrease in the price of cocoa beans since the beginning of summer 2025:
- June — over 9 thousand dollars per ton;
- July — less than 7 thousand;
- August — 8,163 dollars;
- Mid-September — about 7.1–7.2 thousand;
- October — 5.7–5.8 thousand dollars per ton.
And even despite this, chocolate in Ukraine continues to become more expensive. In January-September 2024, a ton of imported cocoa products cost about 6,250 dollars, while this year — already 9,457 dollars, which is 51% more.
When to expect stabilization of chocolate prices
According to Bohdan Dukhnytskyi, in 2026 there may be a balance between supply and demand — thanks to increased production and reduced consumption after this year's price peaks.
In the 2024/25 season, global cocoa production partially restored — from 4.5 to 4.8 million tons. Optimism in the market is supported by increased production in Ecuador and favorable weather in West Africa.
However, the expert warns: even if cocoa continues to decrease in price, consumers will not see the effect immediately, as Ukrainian companies purchase raw materials under old contracts.
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