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Cocoa price surpassed $10,000 per ton this week. What effects did this have on Ecuador?
Friday, September 13, 2024 - 19:30
Agencia Xinhua cacao ecuatoriano

So far this year, the highest peaks were recorded in March and April of this year, when the price of cocoa reached $12,000 per ton.

The international price of cocoa this week again surpassed $10,000, with repercussions in Ecuador. On Tuesday, September 10, the price of cocoa for delivery in December in the United States was recorded at $10,115 per ton, according to the Investing.com website.

On Friday, September 13, the price was $7,682, while on Thursday, September 12, it was $7,690, on Wednesday, September 11, it was $9,968, and at the beginning of the week, Monday, September 9, it was $9,654. A month ago, on August 13, the ton was registered at $8,833.

Although this Friday there was a drop of $2,433, since the beginning of this month it has exceeded $9,000 per ton.

So far this year, the highest peaks were recorded in March and April of this year, when the price of cocoa reached $12,000 per ton.

The impact is almost immediate on the cocoa products that reach the local consumer. For example, through social media, the Tuti supermarket reported that due to the increase in the price of cocoa, they decided to increase the costs of products derived from this product.

“Nationally, there has been a considerable increase in the price of chocolate, due to the high cost of cocoa, which is why we have decided to increase the price of these products. At Tuti, we do not reduce the proportion of cocoa in the ingredients of our products. We are very transparent with the prices we offer,” they indicated in a statement shared on September 6 at the retail chain owned by businessman Alfreo Czarnisnki.

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