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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIndusindusive rise continues to affect commodity prices. In its monthly market report, the International Cocoa Organization (ICCO) noted that the price of cocoa is stagnating while the price of chocolate is rising.
Faced with this galloping inflation, world cocoa prices have hardly moved in one year, from $ 2,462 in March 2021 to $ 2,461 in March 2022. In March alone, the subject of the ICCO's monthly report, after a first part where prices rose in the face of the prospect of a bean supply deficit in 2021/22, they then fell against the backdrop of the war base in Ukraine because "this could reduce travel to Europe of the West and therefore reduce the attendance of airports, a major place for chocolate purchases. Then, prices started to rise again because the weather was not very favorable in West Africa but also because batches of cocoa from Côte d'Ivoire were rejected for quality reasons, which caused a rise in prices.
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