> ## Content Index > Fetch the complete content index at: https://thechocolatelife.com/llms.txt > Use this file to discover other available public pages before exploring further. # TCL LIVE | The High Co$t of Cocoa - URL: https://thechocolatelife.com/tcl-live-the-high-cost-of-cocoa/ - Published: 2023-09-21T19:56:31.000Z - Updated: 2023-09-22T18:11:56.000Z - Description: Episode 134 of #TheChocolateLifeLIVE is LIVE from 10:00 AM PDT / 1:00 PM EDT on Friday, September 22nd. - Author: TheChocolateWire - Tags: Live Stream, The Wire Watch on my [LinkedIn profile](https://www.linkedin.com/posts/claygordon%5Fthechocolatelifelive-lavidacocoa-thechocolatelife-activity-7110708998403747841-iLEl?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop). Watch on [TheChocolateLife page](https://www.facebook.com/TheChocolateLife/) on Facebook (live event). [TheChocolateWireThe Chocolate Wire is news/press/pr original content creation and aggregation service for the specialty/craft cocoa and chocolate industry. The Chocolate Wire’s mission is to promote the efforts of a diverse group of producers and makers around the world at low cost.![](https://www.youtube.com/s/desktop/fc8159e8/img/favicon_144x144.png)YouTube![](https://yt3.googleusercontent.com/ytc/AOPolaQ9kSeIOjDZdyL2TSGx-AGzORG6_AeFRgNz5_z6=s900-c-k-c0x00ffffff-no-rj)](https://www.youtube.com/channel/UCIN8M30NdPJ5WAl41g5VWWw?ref=thechocolatelife.com) Please subscribe to TheChocolateWire channel on YouTube. --- ### **Episode Overview** In this episode of **TheChocolateLifeLIVE** we’ll be discussing the rising cost of cocoa. Most of the outlets covering this story point to record high prices for cocoa this season. But is this *actually* true? Are the prices as high as they are purported to be? Historically high? What does the current price of cocoa mean – and, importantly, how do farmers benefit, if at all? What impacts are hiding behind the raw numbers? Are there motives for reporting the story the way it is being reported? As with almost everything in cocoa and chocolate, the answers are neither simple nor straightforward. > H/T Prof Paul McNamara of the University of Illinois Urbana-Champaign and a regular participant in ChocolateLifeLIVE episodes for his comments on a recent call that inspired me to take a closer look at this topic. [Fuad Mohammed Abubakar on LinkedIn: #london #cocoa #futures #cocoa #westafrica #temperature #rains #humidity…LONDON COCOA FUTURES PRICES TO POST HIGHEST RECORD EVER AS IT APPROACHES £3,200 (US$ 4,000) Key Highlights 1\. The #London #Cocoa #Futures is expected to…![](https://static.licdn.com/aero-v1/sc/h/al2o9zrvru7aqj8e1x2rzsrca)LinkedInFuad Mohammed Abubakar![](https://media.licdn.com/dms/image/D4E22AQH6sXWsldbEwg/feedshare-shrink_800/0/1693920528434?e=1698278400&v=beta&t=yIF5ndUReKYs8cCDCsne2Ta-Xdh_g-3FaUFC8-xtdaw)](https://www.linkedin.com/posts/fuadabubakarmohammed%5Flondon-cocoa-futures-activity-7104817654456012801-1qR0?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop) [Ghana’s President raises cocoa farmgate price to combat smuggling and weak cediGhana has announced a state-guaranteed cocoa price paid to its farmers of 20,943 Ghana cedi ($1,837) per tonne for the new 2023-2024 season – an increase of more than 63% in a bid to boost their income and prevent beans from being smuggled to neighbouring countries where they sell for more.![](https://www.confectionerynews.com/bundles/wrbmgbsite/images/favicon/confectionerynews/apple-touch-icon-180x180.png)confectionerynews.comAnthony Myers![](https://www.confectionerynews.com/var/wrbm_gb_food_pharma/storage/images/publications/food-beverage-nutrition/confectionerynews.com/article/2023/09/11/ghana-s-president-raises-cocoa-farmgate-price-to-combat-smuggling-and-weak-cedi/16732316-1-eng-GB/Ghana-s-President-raises-cocoa-farmgate-price-to-combat-smuggling-and-weak-cedi.jpg)](https://www.confectionerynews.com/Article/2023/09/11/Ghana-s-President-raises-cocoa-farmgate-price-to-combat-smuggling-and-weak-cedi?ref=thechocolatelife.com) [Ghana hikes 2023/2024 cocoa farmgate price as supplies tightenGhana raised the state guaranteed cocoa price paid to its farmers by more than 63% on Saturday in a bid to boost their income and prevent beans being smuggled to neighbouring countries where they fetch more money as supplies tighten.![](https://www.reuters.com/pf/resources/images/reuters/favicon/tr_fvcn_kinesis_180x180.png?d=157)ReutersMaxwell Akalaare Adombila![](https://www.reuters.com/resizer/oJO_FRS-BzPbVfNtg268r3DVMMQ=/1200x628/smart/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/3DE7J6AMWFKNXFLOZJ3KYENZXA.jpg)](https://www.reuters.com/markets/commodities/ghana-hikes-20232024-cocoa-farmgate-price-supplies-tighten-2023-09-09/?ref=thechocolatelife.com) [Cocoa - 2023 Data - 1959-2022 Historical - 2024 Forecast - Price - Quote - ChartCocoa futures traded below $3,600 a tonne, easing from a nearly 45-year high of $3,874 on September 13th, amid the dollar’s strength and following the recent period of excessive buying. Simultaneously, deteriorating global economic prospects appear to be affecting demand, particularly in one of the…![](https://d3fy651gv2fhd3.cloudfront.net/favicon.ico)Chart](https://tradingeconomics.com/commodity/cocoa?ref=thechocolatelife.com) [Global price of CocoaGlobal price of Cocoa![](https://fred.stlouisfed.org/favicon.ico)mini fred logo![](https://fred.stlouisfed.org/graph/fredgraph.png?width=880&height=440&id=PCOCOUSDM)](https://fred.stlouisfed.org/series/PCOCOUSDM?ref=thechocolatelife.com) [Ghanaian Cedi - 2023 Data - 2007-2022 Historical - 2024 Forecast - Quote - ChartThe USDGHS increased 0.1000 or 0.88% to 11.5000 on Thursday September 21 from 11.4000 in the previous trading session. Historically, the Ghanaian Cedi reached an all time high of 14.25 in November of 2022.![](https://d3fy651gv2fhd3.cloudfront.net/favicon.ico)Chart](https://tradingeconomics.com/ghana/currency?ref=thechocolatelife.com) [Inflation Rate between 2000-2023 | Inflation Calculator$1,000 in 2000 is now equivalent to $1,782.96 in 2023.![](https://www.in2013dollars.com/apple-touch-icon.png?v=LbzeYP0WKO)★ CPI Inflation CalculatorEmail![](https://image.thum.io/get/ogImage/https://www.in2013dollars.com/us/inflation/2000?amount=1000&noads=1&noanal=1)](https://www.in2013dollars.com/us/inflation/2000?amount=1000&ref=thechocolatelife.com) [Inflation Rate between 2000-2023 | UK Inflation Calculator£1,000 in 2000 is now equivalent to £2,153.54 in 2023.![](https://www.officialdata.org/favicon/officialdata/apple-touch-icon.png?v=LbzeYP0WKO)★ CPI Inflation CalculatorEmail![](https://image.thum.io/get/ogImage/https://www.in2013dollars.com/uk/inflation/2000?amount=1000&noads=1&noanal=1)](https://www.officialdata.org/uk/inflation/2000?amount=1000&ref=thechocolatelife.com) --- ### Other Links & Resources [Cocobod![](https://cocobod.gh/frontend/img/COCOBOD-Logo-Icon.png)![](https://cocobod.gh/frontend/img/COCOBOD-Logo-Icon.png)](https://cocobod.gh/?ref=thechocolatelife.com) [Cameroon raises cocoa farmgate price and sees uplift in outputCameroon has announced a significant increase in cocoa production over the past two seasons, with figures showing that the crop in the 2022-23 season was 681 tonnes, almost four times higher than the 182 tonnes recorded in 2020-21.![](https://www.confectionerynews.com/bundles/wrbmgbsite/images/favicon/confectionerynews/apple-touch-icon-180x180.png)confectionerynews.comAnthony Myers![](https://www.confectionerynews.com/var/wrbm_gb_food_pharma/storage/images/publications/food-beverage-nutrition/confectionerynews.com/news/commodities/cameroon-raises-cocoa-farmgate-price-and-sees-uplift-in-output/16738322-2-eng-GB/Cameroon-raises-cocoa-farmgate-price-and-sees-uplift-in-output.jpg)](https://www.confectionerynews.com/Article/2023/09/13/cameroon-raises-cocoa-farmgate-price-and-sees-uplift-in-output?ref=thechocolatelife.com) [Cote d’Ivoire and Ghana civil society organisations demand more for cocoa farmers – amid calls for COCOBOD head to resignPlatform for Sustainable Cocoa in Cote d’Ivoire (PICD) and the Ghana Civil-society Cocoa Platform (GCCP) are calling on their respective governments to raise the price of beans for the important 2023-24 season to make sure farmers can receive a living income.![](https://www.confectionerynews.com/bundles/wrbmgbsite/images/favicon/confectionerynews/apple-touch-icon-180x180.png)confectionerynews.comAnthony Myers![](https://www.confectionerynews.com/var/wrbm_gb_food_pharma/storage/images/publications/food-beverage-nutrition/confectionerynews.com/news/regulation-safety/cote-d-ivoire-and-ghana-civil-society-organisations-demand-more-for-cocoa-farmers-amid-calls-for-cocobod-head-to-resign/16751858-1-eng-GB/Cote-d-Ivoire-and-Ghana-civil-society-organisations-demand-more-for-cocoa-farmers-amid-calls-for-COCOBOD-head-to-resign.jpg)](https://www.confectionerynews.com/Article/2023/09/18/cote-d-ivoire-and-ghana-civil-society-organisations-demand-more-for-cocoa-farmers-amid-calls-for-cocobod-head-to-resign?cid=DM1096188&bid=204645040&ref=thechocolatelife.com) *Mentioned in the livestream:* [AgEcon SearchAgEcon Search - AgEcon Search![](https://ageconsearch.umn.edu/favicon.ico)AgEcon Search![](https://ageconsearch.umn.edu/img/main_logo.png)](https://ageconsearch.umn.edu/?ref=thechocolatelife.com) Download the PDF: [Can Cocoa Farmer Organizations Countervail Buyer Market Power](https://ageconsearch.umn.edu/record/21261?ln=en&ref=thechocolatelife.com)? [price of cocoa in 2000 - Google Search![](https://www.google.com/favicon.ico)Google Search![](https://www.google.com/images/branding/googleg/1x/googleg_standard_color_128dp.png)](https://www.google.com/search?q=price+of+cocoa+in+2000&newwindow=1&sca%5Fesv=567351978&sxsrf=AM9HkKmnu1cS69UJf9D5x1KZFMrYNL7DEA:1695323475553&ei=U5UMZf6pIan9kPIPh7-8kA4&ved=0ahUKEwi-n6iMtLyBAxWpPkQIHYcfD-IQ4dUDCBA&uact=5&oq=price+of+cocoa+in+2000&gs%5Flp=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%5FiAwQYACBBiAYBkAYIugYGCAEQARgL&sclient=gws-wiz-serp&bshm=rime/1&ref=thechocolatelife.com) ![](https://thechocolatelife.com/content/images/2023/09/GBPUISD-Overlay.png) Overlay of GB£ and US$ exchange rates: There is room here in hedging strategies to make boatloads of bucks. --- ### **Questions? Thoughts? Contribute!** As always, I will be taking questions and comments during the livestream. If you want to share your thoughts and/or questions in the comments below *before* the livestream begins, add them in the comments below. 💡 Not a member? You must be a member to comment. Click the Join button to become a Free ***or Premium*** member. --- ### **Hashtags** #thehighpriceofcocoa #thehighcostofcocoa #chocolate #craftchocolate #cacao #cocoa #cacau #TheChocolateLife Live #LaVidaCocoa Want to create programming like TheChocolateLifeLIVE? Use the platform I use – [check out StreamYard](https://streamyard.com/pal/d/4686090425597952?ref=thechocolatelife.com). (Affiliate link – sign up at no additional charge to you.) ---