Catastrophic harvest failures in Ghana and Côte d’Ivoire have driven up global cocoa prices since early 2024. Both leading producers were hit by adverse weather conditions, tree diseases and labor shortages.

Chocolate lovers brace yourselves! Catastrophic harvest failures in Ghana and Côte d’Ivoire, the world’s top cocoa producers, have sent global cocoa prices skyrocketing since early 2024. Unfavorable weather conditions, coupled with tree diseases and labor shortages, have severely impacted cocoa bean yields in both West African nations. This has led to concerns about cocoa bean shortages, pushing prices to record highs and potentially impacting chocolate prices for consumers worldwide.