Cocoa prices are volatile and influenced by a wide range of factors. They reached a 27-year low ($714/ tonne) at New York in November 2000 and a 32-year high ($3,775/tonne) in March 2011.
Current high prices are strongly affected by:
• production deficits in three of the last four
seasons (2006/07, 2007/08, 2009/10)
• disruption of cocoa exports following the
disputed presidential election in Côte d’Ivoire, November 2010.