Cocoa prices soared 400% due to dwindling supplies
Love chocolate? That sweet tooth could cost you more this holiday season. Sky-high cocoa prices aren't melting away anytime soon, after soaring by 400 per cent earlier this year from 2023. Producers in Africa continue to grapple with dwindling harvests - a result of erratic weather, pests and the loss of plantations. In this first of a two-part series, we look at the squeeze on cocoa supply from one of the world's largest producing countries. Nabil Ahmed Rufai reports from Ghana.
Love chocolate? That sweet tooth could cost you more this holiday season. Sky-high cocoa prices aren't melting away anytime soon, after soaring by 400 per cent earlier this year from 2023. Producers in Africa continue to grapple with dwindling harvests - a result of erratic weather, pests and the loss of plantations. In this first of a two-part series, we look at the squeeze on cocoa supply from one of the world's largest producing countries. Nabil Ahmed Rufai reports from Ghana.
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