Ghana is considering paying cocoa farmers up to twice as much for their beans in order to stop them from selling to neighboring countries for higher prices — the latest in a series of repercussions following a global shortage.
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Ghana’s Low Cocoa Crop Hammers Trade Surplus in First Two MonthsGhana’s smaller cocoa harvest has hit the country’s external payments position as its trade surplus fell by more than half in the first two months, posing a risk to the cedi currency.
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Cocoa Crisis Deepens With Ghana Set to Lose Access to Bank LoanGhana is set to lose access to a key funding facility as a crisis in its cocoa crop has left it without enough beans to secure the funds.
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Asia’s Biggest Cocoa Grinder Hunts for Beans Amid Supply PanicGuan Chong Bhd., one of the world’s biggest cocoa processors, is scouting for beans worldwide as bad weather and disease pummeling crops in top West African growers send prices to a record.
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Alberta chocolatiers feel the pinch as global cocoa prices soarCocoa bean prices are soaring as the world grapples with a supply shortage due to climate change and disease.
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Cocoa Prices Double From Start of 2024, Extending Historic RallyCocoa futures have doubled in less than three months as a landmark price run-up intensifies, boosting sweet costs for consumers and sending chocolate makers scouring for supply.
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Hershey, Mondelez bet big on Easter as cocoa price crisis loomsHershey, Mondelez and other confection-makers are employing promotions and pitching more non-chocolate Easter treats like cookies 'n' cream bunnies at a time...
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