Chocolate in Ukraine is becoming more expensive: experts named the reasons

Published 2024년 4월 4일

Tridge summary

World cocoa prices have reached unprecedented highs due to a significant shortage in West Africa, primarily in Ghana and Côte d'Ivoire, which are responsible for more than half of the global cocoa supply. This shortage is a result of extreme weather, plant diseases, and drought, leading to a 22-year low in Ghana's cocoa harvest and disruptions in Côte d'Ivoire. Consequently, the global cocoa deficit is expected to widen, with an 11% drop in production anticipated. These challenges, coupled with the low wages of cocoa farmers, are driving up chocolate prices worldwide, including in Ukraine, with no immediate relief in sight.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World prices for cocoa are breaking unprecedented records, and their decrease is not expected yet, so chocolate in Ukraine is becoming more expensive. This is reported by UNIAN. Lovers of sweets sound the alarm - the prices of chocolate in the world are growing at a galloping pace and are not going to stop. And, of course, Ukraine cannot stand aside from this trend. Since the beginning of 2024, global prices for cocoa beans have more than doubled due to acute cocoa shortages in West Africa, particularly in Ghana and Côte d'Ivoire, which account for more than half of the world's cocoa crop. In particular, Ghana's cocoa harvest is set to hit a 22-year low due to extreme weather conditions and plant diseases. The situation in the cocoa regions of Côte d'Ivoire is also disappointing - normal cocoa production there is hampered by drought. Due to unfavorable weather, there is a shortage of cocoa supply in the world for the third year in a row. But this year it will reach its peak. In ...

Source: Agropolit