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Cocoa prices are at a record high caused by a dramatic drop in supply. Prices have more than doubled in the first three ...
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Consumers who love buying chocolate around the world are being hit by higher prices. The higher cocoa prices due in part to the climate crisis in major producing countries in West Africa are to blame.
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According to a Reuters report, Ghana increases the farmgate price of cocoa by up to 50 per cent in order to share profits from rising global prices and deter ...
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Ghana will follow Cote d’Ivoire and raise the fixed farmgate price paid to cocoa farmers by up to 50%. The announcement could be made as early as the end of this week, ConfectioneryNews understands.
Unsurprisingly, some chocolate makers are struggling to afford cocoa, which has risen in price by 400% in a year.