ghana
Cocoa prices briefly surged to all-time highs on Tuesday, touching over $10,000 (€9,234.3) per ton, before settling back at $9,622 per ton on Wednesday morning, following disappointing harvests in key cocoa-producing countries such as Ghana and Ivory Coast. Cameroon, another cocoa-producing nation, has also been seeing much of the same conditions. The crop also saw a 19.8% gain in the past week, as well as a 42.4% rise this month. In the past year, cocoa prices have jumped about 231%. Cocoa is widely used in a number of chocolate products and confectioneries, with by-products such as cocoa nib...
Euronews (English)
Easter egg prices are higher this year as climate change hits cacao crops. Popular brands like Maltesers, Lindt and Ferrero Rocher have jumped upwards of 50 per cent in price compared to last year, British consumer champion Which? found. Rising temperatures and humid weather conditions have stressed and damaged crops in West Africa, which produces more than 70 per cent of the global cocoa supply. Cocoa prices more than doubled in the last year, from €2,220 per tonne in February 2023 to a record high of €5,490. Sugar prices are also rising. Mondelez, which owns Easter egg staple Cadbury, has be...
Euronews (English)
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