Our prices will increase on May 15th due the global Cocoa Crisis – More info here
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Uncategorized · May 8, 2024

Notice of Price Adjustment Effective May 15, 2024

Dear Valued Customers,

I hope this message finds you well and you are enjoying our delicious chocolates. At Afrikoa, we are committed to providing you with the highest quality products and exceptional service. It is with this commitment in mind that we are writing to inform you of an upcoming change.

Over the past year, we have witnessed unprecedented challenges in the cocoa industry, particularly concerning the pricing of cocoa beans. As a result of supply chain disruptions and increased global demand, the cost of cocoa beans has risen dramatically. In fact, cocoa bean pricing has surged from $2.6 to well above $11 per unit within the last year alone. Below is an article from CNBC from March 2024.

CNBC - MARKETS
Cocoa prices are soaring to record levels.

In light of these significant market changes, we find it necessary to adjust our prices. This decision was not made lightly, and we have explored all possible avenues to mitigate the impact on our customers. However, despite our efforts, we can no longer absorb the rising costs without making adjustments to our pricing structure.

Effective May 15th, 2024, there will be an increase in the prices of our chocolate products. This adjustment is essential to ensure that we can continue to sustainably source the finest cocoa beans and maintain the quality that you have come to expect from Afrikoa. We understand that any change in pricing may cause concern, and we want to assure you that we remain committed to providing you with the best value for your money.

Additionally, we want to inform you that certain stock may be limited due to these challenges in the cocoa market. While we strive to maintain adequate inventory levels, we encourage you to place your orders early.

We sincerely appreciate your understanding and continued support during this time of transition. If you have any questions or concerns regarding the price adjustment, please do not hesitate to reach out to us. Our customer service team is here to assist you in any way possible.

Thank you for being a valued member of the AFRIKOA family.

Kind Regards,
Charmion Booysen | Sales Manager

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