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Cocoa Crisis

All articles tagged with #cocoa crisis

businesseconomics1 year ago

"Cocoa Crisis: Rising Prices and Shrinking Sweets Threaten Chocolate Industry"

Ghana and Ivory Coast, the world's top cocoa producers, are facing catastrophic harvests due to a combination of factors including illegal mining, climate change, mismanagement, and disease. This has led to expectations of cocoa bean shortages, causing New York cocoa futures to more than double in price. The crisis could mark the end of West Africa's cocoa supremacy and lead to higher chocolate prices for consumers in the near future.