Photo: Unsplash / Tetiana Bykovets
Manufacturers are working to create chocolate alternatives that don't rely on cocoa amidst volatility in supply for the product.
The price of cocoa hit historic highs hit in 2024 - rose and fell sharply into 2026 - and has recently slid again back to its pre 2024 prices.
Currently it's going for about $3063 US dollars a tonne. At its peak was about $11,000 US a tonne.
There are numerous pressures affecting the industry - climate change, shipping costs, ethical labour issues, ageing cacao plantations, deforestation due to palm oil cultivation, heavy metal contamination, and tariffs.
Rabobank's recent report titled 'Beyond the Bean' explores what manufacturers are doing to shore up some certainty for their product.
Rabobank analyst Paul Joules tells us about the chocolate alternatives being turned to.
