Cocoa Shortage Will Squeeze Chocolate Makers in 2025

Rising cocoa prices are expected to put significant pressure on chocolate companies around the world in 2025, after months of dry weather conditions in West Africa that have depleted the supply of the cash crop.

According to data from World Bank, global cocoa production fell by 14% in the 2023-24 season, as output slowed in both Côte d’Ivoire and Ghana, where at least 60% of the world’s cocoa is produced…