Historic cocoa volatility demands more than historic data.

Track beans, butter, and powder across origins. Get AI forecasting, forward curves, and exclusive analysis from Martijn Bron, former Head of Cocoa Trading at Cargill.

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Trusted by leading chocolate companies

Cocoa markets have entered uncharted territory

Traditional approaches fail in the face of structural shifts and extreme volatility.

Unprecedented price surge

Cocoa prices have surged over 360%. A single mistimed purchase can destroy quarterly margins.

Long-term origin disruption

Major origins face multi-year recovery. Historical supply patterns are no longer a reliable guide.

Extreme daily volatility

The market swings an average of ±€199/mt daily. By the time reports arrive, the opportunity is gone.

Your advantage in mastering cocoa volatility

Purpose-built tools and world-class expertise to navigate the chaos

“These are insane moves in historic perspective. The market is pricing error in an illiquid environment, which is both fundamentally driven and technical.”

Martijn Bron
Former Head of Cocoa Trading, Cargill

With Vesper, you get Martijn's weekly exclusive analysis, price outlooks, and market commentary.

Key capabilities that drive success

AI cocoa forecasting

95% accurate predictions for beans, butter, and powder.

Bean-butter-powder pricing

Reliable daily benchmarks for key cocoa derivatives.

Real-time origins

Live differentials for Ghana, Ivory Coast, Ecuador.

Expert market reports

Weekly weather reports, insights, and outlooks.

The chocolate bar cost equation has changed

The best procurement teams don’t just react to the market. Vesper gives you the tools to both defend your core costs and attack new opportunities.

The new 50%: Cocoa dominance

Cocoa's share of chocolate production costs has exploded from ~30% to over 50%. This seismic shift demands intense, specialized focus. Winning on cocoa is no longer optional, it's critical for survival.

Unmatched cocoa intelligence with Martijn Bron's expertise and our purpose-built forecasting tools.

The other 50%: The hidden opportunity

While the world obsesses over cocoa, significant savings are hiding in plain sight across the rest of your recipe. Mastering these markets is the key to protecting your margins.

World-class intelligence on Dairy, Sugar & Sweeteners
Deep insights into Oils, Fats, Nuts & Seeds
Coverage of Packaging, Energy & Transport

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Model your entire recipe from bean to bar.

Go beyond tracking individual ingredients. With Vesper, you can:

Track End-Product Volatility

Instantly see how price swings in cocoa, dairy, or sugar impact the final cost of your products.

Include Non-Ingredient Costs

Factor in real-world expenses like labor, energy, transport, and overhead for a true cost-of-goods calculation.

Test Recipe Changes Instantly

Model volatility-mitigating scenarios. What’s the cost impact of swapping Cocoa Butter for Shea? Or changing compositions?

Learn more

Powered by unmatched data coverage

Where does your data need to live?

Access Vesper’s intelligence in the tools your team already uses. From our intuitive platform to full API integration, we fit into your workflow.

Vesper Platform

The complete, all-in-one web platform for visualization, analysis, and collaboration.

Download Data

Export any dataset to CSV or Excel with one click for ad-hoc analysis and reports.

Vesper for Excel

Bring live Vesper data directly into your spreadsheets and refresh your models instantly.

API Integration

Automate your workflows by feeding Vesper data directly into your ERP or BI tools.

Ready to master your chocolate costs?

See how Vesper can help you navigate volatile markets and protect your margins.