"Rising Cocoa Prices Spark Global Chocolate Shortage Concerns"
TL;DR Summary
The price of cocoa beans has more than doubled since January, reaching a record high due to a severe drop in supply caused by severe weather, plant disease, and illegal mining in West Africa, where most cocoa beans are grown. This surge in price is expected to result in higher costs for chocolate products ahead of the Easter holiday, with some shops already selling chocolate eggs for $80, impacting celebrations like Valentine's Day as well.
- Cocoa bean price surge, supply issues affects Easter chocolate costs KOMO News
- Here's why there's a looming chocolate shortage KSLTV
- Cocoa prices have risen faster than bitcoin NPR
- A global cocoa shortage could soon impact the price of chocolate, and PNG growers are cashing in ABC News
- Chocolate prices to keep rising as West Africa’s cocoa crisis deepens Al Jazeera English
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