Easter chocolate prices soar amid global cocoa shortage

As climate change impacts cocoa production in West Africa, consumers face higher prices for Easter treats while large confectionery companies report increased profits.

Climate change and adverse weather conditions have severely impacted cocoa production in West Africa, leading to a global shortage.
The price of cocoa has doubled this year, reaching a record high, as exports from the Ivory Coast, the world's top producer, have significantly decreased.
Confectionery giants like Hershey and Mondelez International have raised chocolate prices, passing the cost increase onto consumers.
Despite higher prices, consumer spending on Easter chocolate is expected to remain high, with major brands reporting increased profit margins.
Farmers and small chocolate businesses struggle to cope with the changing market, with many facing lower yields and financial difficulties.