Global: The high increase in the price of cocoa begins to affect chocolate products

The price of cocoa is rising sharply in international markets and it is feared that chocolate bars will begin to be priced at the price of gold bullion, has warned the Organization of Consumers and Users (OCU), which has tracked prices. of some products that contain cocoa which reveals that, for the moment, increases are observed but limited. Cocoa production in West Africa has been poor due to a combination of drought and torrential rains, especially in Côte d'Ivoire and Ghana, two of the largest producers. With all this, the price of cocoa has risen 230% in the last 12 months to reach $10,000 per ton, a price never seen before. In addition, the European Union has banned the import of food that has been produced on deforested land. This increase is combined with the general increase in food prices, which have especially affected sugar and flour, so it is likely that chocolate, chocolates and other pastry products will rise in price, says the OCU. The chocolate bar rises 11% The ...