The Price of Cocoa

Sep 01, 2024Sophie Jewett

We're renewing our chocolate blog posts here at York Cocoa Works with a bit of a refresh of our photography from the fantastic Gary Brown and an update on our chocolate making process.

This last year as many of you will have seen has come with considerable volatility in the cocoa price.

We’ve been buying cocoa with the help of our long term partnerships from locations and teams that we know are sharing the higher premium with those that create and deliver quality in the cocoa we work with.

In turn this means more consistent relationships, great cocoa and more shared value across our supply chain.

The biggest impact has been with the price of cocoa butter which the market has driven prices to near £60 per kg from £7.50 per kg at the beginning of the year.

You may see that in response to this we have rationed our production of white chocolate products in order to maximise our chocolate making resources.

It was most important to us that we kept our prices as low as we could while continuing to share choice and a product we’re all proud of. If you don’t see something available online please do reach out and we will do our best to look after your chocolate needs.

With the new harvest kicking off in Ghana some hope for a reduction in cocoa price is expected but like many others who operate in this sector we are disappointed that cocoa farmers in West African origins are due to receive such a low proportion of the price their beans are selling for.

We can’t say our approach is the best solution but we continue to explore ways of finding cocoa and making chocolate that helps showcase alternative and better production models.

We appreciate all of your support in what we do to make this progress.

Learn More

Learn more about speciality cocoa and the impact of working transparently from one of our cocoa sourcing partners Uncommon Cacao.

The Price of Cocoa Gallery

Cocoa Price changes over 2024
Speciality cocoa farming is usually a way for farmers to gain a better return for their cocoa over and above the market price
When all parts of the cocoa cultivation process are undertaken with care we can work with a far better product to make our chocolate
Speciality cocoa beans are sorted at the origin so only the best working materials make their way to us.
The speciality cocoa sector can trace each bag to the farm it has been cultivated on and the batch it has been fermented in.
With the price of cocoa beans rising the price of cocoa butter has increased in some instances by a factor of 10 making white chocolate prohibitive to produce.

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