Rising Cocoa Prices Expected to Affect Easter Chocolate Sales

Published on March 28, 2024

The price of cocoa has been on the rise, meaning that Easter treats are likely cost more this year. At the beginning of March, cocoa prices were US$6,125 per tonne, according to the International Cocoa Organization (ICCO). By March 26, the price had jumped to $9,361. The rise in prices is due to poor harvests in producing countries, like the Ivory Coast and Ghana, which has caused supply shortages. Crops were also damaged due to heavy rains and crop disease, according to Trading Economics. In Ivory Coast and Ghana, the two largest cocoa producers, the harvest is expected to drop by as much as 33 percent and 50 percent, respectively....

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