Reported about 5 hours ago
As cocoa prices soar to unprecedented levels, Valentine's Day chocolates have become a costly gift option this year. Cocoa bean prices have jumped from under $2,000 per ton in 2022 to over $12,000 during the Christmas season, significantly impacting chocolatiers in Belgium. Many, facing financial challenges due to high costs, have increased chocolate prices or closed up shop for the holiday. This price surge is attributed to climate change, diseases affecting cocoa crops, and growing global demand, raising concerns for cocoa farmers' livelihoods.
Source: YAHOO