Africa produces, Europe consumes, the pessimistic picture in chocolate: Prices at record high

The problems arising due to the climate crisis and supply chain problems in the world's largest cocoa producer Ivory Coast and Ghana have brought cocoa prices to the peak of 46 years in the London Stock Exchange. In countries such as Switzerland, Austria and the USA, the demand for chocolate is increasing day by day. Experts say that increasingly difficult trade conditions can trigger prices and shortages. The global high inflation experienced since the pandemic period and the problems in the supply chain have brought cocoa prices to historical record levels. Production problems continue in countries such as Ghana, Ivory Coast, Nigeria and Cameroon, which produce the most cocoa in the world. On the other hand, the demand is increasing day by day in Switzerland, Austria and the USA, the countries that consume the most chocolate per capita. Chocolate producers like Hershey and Mondelez will face tougher business conditions next year as they try to pass on the rising cocoa costs to ...