Market-related

Since the outbreak of conflict in April 2023, Sudan has seen deteriorating food security and economic activity, disrupted markets and agrifood systems, and a steadily building humanitarian crisis. According to a new policy note from IFPRI’s Sudan Strategy Support Program, if steps are not taken to protect livelihoods and food security, 4 million people could fall into poverty and an additional 2 million could face food insecurity and malnourishment by 2028.

Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa beans: Cote d’Ivoire (with 38% of the global production in 2022), Ghana (19%), Nigeria (5%), and Cameroon (5%).1

Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa beans: Cote d’Ivoire (with 38% of the global production in 2022), Ghana (19%), Nigeria (5%), and Cameroon (5%).1

Cocoa bean prices have climbed to record nominal levels over the past six months, more than doubling since August 2023 (Figure 1). This price spike has largely been driven by weather-related diseases that have reduced cocoa production in key West African countries accounting for almost three quarters of world supplies.

Since the onset of civil war in April 2023, millions of people in Sudan have suffered from loss of livelihoods, destruction of infrastructure, and disruption of essential services. With the war still underway, Sudan is facing the world's largest displacement crisis—with 6.5 million displaced people internally and another 1.7 million driven into neighboring countries—and a surge in acute food insecurity, soaring poverty levels, and extensive losses in income, employment, and productive assets.