(MENAFN- The Conversation) The price of most chocolate bars has gone up worldwide in the past year, after cocoa bean prices rose dramatically in 2024. As cocoa prices shot up, many farmers in tropical ...

(The Conversation) – A shortage of cocoa beans has led to a near shutdown of processing plants in Côte d’Ivoire and Ghana, the two countries responsible for 60% of global production. With chocolate ...

December ICE NY cocoa (CCZ25) today is up +10 (+0.19%), and December ICE London cocoa #7 (CAZ25) is up +35 (+0.87%). Cocoa prices recovered from early losses today and moved higher as signs of ...

July ICE NY cocoa (CCN25) today is up +360 (+4.23%), and July ICE London cocoa #7 (CAN25) is up +72 (+1.14%). Cocoa prices are sharply higher today as a decline in the dollar index (DXY00) has ...

The productivity of cacao trees decreases with time, forcing farmers to renew their plantations by either cutting down the old trees or establishing a new crop elsewhere. Frequently, new plantations ...

Why has cocoa production declined sharply in west Africa? Three factors are at play: environmental, economic cycle related and human. One environmental factor is the impact of the El Niño weather ...