Hot chocolate! Cocoa prices hit all-time highs amid global supply shortages

Chocolate lovers, brace yourselves for a bitter truth: cocoa prices have gone bonkers, hitting record highs as the world faces a massive shortage of the beloved bean. A combination of factors – reduced supply from the Ivory Coast, El Nino-related droughts, crop diseases, a widening global deficit, and fierce competition among buyers – has created a perfect storm, pushing cocoa prices to unprecedented levels. — Read the rest
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