Cocoa Shortage 2024

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Cocoa Shortage 2024. The pressure of elevated cocoa prices, which are expected to remain high until a new african crop comes to market in late 2024, is hitting manufacturers of chocolate and. Unsurprisingly, some chocolate makers are struggling to afford cocoa, which has risen in price by 400% in a year.


Cocoa Shortage 2024

As a result, the international cocoa organization projected in august that global cocoa production this season would fall by 14.2%. A shortage of cocoa led to prices of the commodity tripling between january and april.

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