Cocoa Powder (Natural) supply risks

Active and seasonal supply-side risks affecting cocoa powder (natural) markets.

critical

West Africa weather volatility and El Niño impacts

high

Origin-side farm-gate price and living income differential policies

high

EU deforestation and due diligence regulations

medium

Plant disease and pest pressure (e.g., black pod, CSSV)

medium

Ocean freight disruptions and port congestion

medium

Demand shifts from sugar-reduction and health trends