Share
How The Price Of Chocolate’s Key Ingredient Surged More Than 300% In 2024
Chocolate's key ingredient cocoa has soared in price throughout 2024. The soft commodity reached $11,000 a ton for the first time ever, after costing suppliers less than $3,000 a ton two years ago. Factors like crop disease, El Niño, farm gate prices, and speculative market investment have all contributed to the classic sweet's historic run-up. Watch the video above to learn more about the causes of this lengthy move higher in price, and what's next for the industry.
Produced and Edited by: Christian Nunley
Graphics by: Christina Locopo
Supervising Producer: Jeff Morganteen
Additional Footage: Getty Images, Nestle, Voyage Foods
Sat, 25 May 2024 16:00:45 GMT
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.