Governments in Ghana and Ivory Coast regulate cocoa markets heavily, and set prices for farmers. Current wholesale prices are 250% higher than Ghana’s farm-gate price in 2023. Thin margins discourage farmers from investing in new plantations. The El Niño for this year has brought severe drought to the cocoa farms, reducing production further. It us estimated that this year the gap between global production and consumption will be at its widest since at least 2014. Do you think that Chocolate prices will go up further ?

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