Global Cocoa Shortage Sends Prices Soaring As “Consumers Should Brace” For ‘Chocolateflation’
Cocoa prices have soared 44% over the last nine months to seven-year highs as the global cocoa bean deficit worsens for the second consecutive year. “The cocoa market has experienced a remarkable surge in prices … This season marks the second consecutive deficit, with cocoa ending stocks expected to dwindle to unusually low levels,” S&P …