Cocoa Crisis Puts Pressure on Chocolate Makers During Easter Season

Wednesday, 27 March 2024, 08:00
The cocoa prices have tripled over the last year, primarily due to disease outbreaks affecting cocoa crops in West Africa, the primary source of global cocoa supply. This surge in cocoa prices is creating challenges for chocolate makers during the crucial Easter holiday period as they navigate business sustainability. Consumers are also feeling the impact as they face rising chocolate costs amidst efforts to control their spending on sweet treats.
https://store.livarava.com/c09603c3-ec15-11ee-aec4-63fd8ea994ba.jpg
Cocoa Crisis Puts Pressure on Chocolate Makers During Easter Season

Cocoa Price Surge and Its Implications

The cocoa prices have tripled over the last 12 months, attributing to disease outbreaks in West Africa.

Global Cocoa Supply Affected

More than 70% of the world's cocoa supply is produced in West Africa, impacting the overall market significantly.

Challenges for Chocolate Makers

Chocolate manufacturers are facing pressure during the Easter season due to the cocoa crisis, affecting business operations.

Consumer Impact

Sweet-toothed customers are experiencing difficulty as they try to manage increased chocolate prices while keeping their spending in check.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe