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Cocoa prices have surged to nearly 65% higher than they were a year ago, and manufacturers are expected to roll out additional price increases to offset those elevated costs. RELATED: 9 Chocolate ...
While everyone loves chocolate, global shortages in cocoa have kept prices abnormally high. Cocoa beans , the processed version of cacao beans, are a main ingredient for the production of chocolate.
In recent years, the price of cocoa had hovered at around $2,500 per metric ton. But reports of a weaker-than-expected crop set off concerns about supply, sparking the commodity’s run-up in ...
Climate issues in West Africa – home to more than 60% of global cocoa production – are damaging crop yields, constraining cocoa supply and causing prices to soar. Cocoa futures have ...
Cocoa prices have doubled since the start of the year, as crops in West Africa — which produces 80% of the world’s cocoa — have been hit by droughts made worse by climate change.
Côte d'Ivoire and Ghana are the world's largest and second largest cocoa producers, respectively, together accounting for 65% of the global cocoa supply as of 2024. [1] In 2017, a 20% drop in global cocoa prices negatively impacted the livelihoods of millions of cocoa farmers in Côte d'Ivoire and Ghana, prompting the presidents of both countries to sign an agreement for a strategic ...
“I think there’s going to be some supply issues underlying those price increases.” ... “Cocoa costs, which could stay elevated into 2026, are stress-testing the confections industry on ...
Lindt & Sprüngli, a purveyor of high-end chocolates, told CNN in an email that “the price hike in cocoa will require further price increases in 2024 and 2025, assuming that cocoa prices remain ...