Cocoa Drops Below $9,000 Per Ton as Nigeria Eyes Boost in Local Chocolate Production
LAGOS — Global cocoa prices dipped below the $9,000 per metric ton threshold this week, following months of record-breaking surges driven by supply chain disruptions and climate-related output declines in major producing countries. As of Tuesday, June 25, 2025, cocoa futures on the Intercontinental Exchange settled at $8,875 per ton, marking a significant retreat from