When climate and cocoa collide: chocolate prices soar as El Nino dries up major producers but is there more to the story?
Chocolate connoisseurs were hit by a 10% increase in the price of their favorite sweet this Easter as the world’s largest cocoa producers, Ghana and Côte d’Ivoire, found themselves seriously affected by disease, illegal mining, changes in land use and climate change. The price of cocoa began creeping up in the second half of 2022 reaching an all-time high in January 2024. The cacao