Cocoa Prices Skyrocket: What’s Behind the Surge, and How Does It Affect Us?


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Chocolate lovers worldwide are feeling the pinch as cocoa prices soar. From the smallholder farmers of West Africa to multinational corporations like Nestlé, the ripples of this crisis affect everyone. Here’s a deep dive into the story behind your favorite sweet treat—and why it’s becoming more expensive than ever.

1. The Backbone of Chocolate: Cocoa Farmers

Cocoa production is concentrated in West Africa, particularly Ghana and Côte d’Ivoire, which together supply nearly 80% of the world’s cocoa. Smallholder farmers dominate this sector, working tirelessly to produce the raw material for a multibillion-dollar industry. Yet, despite their efforts, many of these farmers live on less than $2 per day, barely able to cover basic needs.

Cocoa farming is not just a job but a way of life for millions in West Africa. However, the industry’s economic imbalance forces them into a cycle of poverty. Farmers often sell their cocoa at prices dictated by global markets, with little to no negotiation power. This disparity is stark when compared to the billions earned by chocolate manufacturers. Without proper education, healthcare, or financial support, many farmers struggle to sustain their families. Efforts to improve conditions, such as cooperatives or direct trade models, show promise, but adoption remains slow.


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