"Cocoa Crisis: Prices Surge, Supply Dwindles, and Easter Treats Cost More"
TL;DR
Cocoa prices have surged past $9,000 a ton for the first time ever due to a supply shortage in the market, with futures climbing about 50% in March and more than doubling this year. Poor harvests in West African cocoa-growing regions, caused by bad weather and crop disease, have led to the industry being in a bind, which will likely result in higher chocolate costs throughout the year.
Topics:businessbusiness-agriculture#business-agriculture#chocolate#cocoa#futures-market#supply-shortage#west-africa
- Cocoa Is More Expensive Than Copper as It Tops $9000 Bloomberg
- Exclusive: African cocoa plants run out of beans as global chocolate crisis deepens Reuters
- Easter eggs costs rise as climate change hits crops BBC.com
- Cocoa prices are rising so fast they are outpacing bitcoin Business Insider
- Cocoa beans are in short supply: what this means for farmers, businesses and chocolate lovers The Conversation Indonesia
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