This episode provides a comprehensive overview of the current trends, challenges, and developments shaping the global cocoa market. Côte d’Ivoire, which contributes about 40% of the world’s cocoa supply, continues to benefit from government-led agricultural improvement and sustainability initiatives. However, these gains are moderated by unpredictable weather conditions and threats from pests and disease. Political stability and a supportive regulatory environment remain essential to maintaining production levels. Recent projections indicate potential output growth, bolstered by favorable conditions and efforts to replace aging cocoa trees.In Ghana, the second largest global producer, the emphasis on sustainable farming is beginning to show positive results in yield improvement. The Ghana Cocoa Board plays a critical role by equipping farmers with training and resources. Rising global demand for high-quality cocoa, especially for dark chocolate, is also influencing market dynamics.Despite these advancements, cocoa farmers face volatility. Price fluctuations continue to threaten income stability and the long-term viability of sustainable practices. Nigeria, facing an 11% projected year-on-year decline in production, struggles with plant diseases and inefficient farming techniques. Market and economic pressures further affect pricing and profitability.Ecuador is emerging as a significant player, with expected production exceeding 650,000 metric tons in the 2025–26 season. High cocoa prices are driving investment, and Ecuadorian farmers receive a larger share of global market prices—about 90%—which enhances profitability. The adoption of agroforestry systems supports both sustainability and disease management.On a global level, the cocoa market is undergoing structural changes. Elevated prices are reshaping demand, pushing some buyers toward more cost-effective options or reducing their purchases. The International Cocoa Organization anticipates a global surplus, which could help stabilize prices but also pose risks if demand continues to weaken. Across regions, sustainable farming remains essential for long-term industry resilience in the face of evolving economic and environmental conditions.

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