Reuters exclusively reported that major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, meaning chocolate prices around the world are likely to soar.
Human Interest
African cocoa plants run out of beans as global chocolate crisis deepens
13 March 2024, 6:00 pm 1 minute
Market Impact
Chocolate-makers have already increased prices to consumers, after three years of poor cocoa harvests, with a fourth expected, in the two countries that produce nearly 60% of the world’s cocoa.
Article Tags
Topics of Interest: Human Interest
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
