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Prices have skyrocketed by 185%—easily beating Bitcoin’s 128% gain. The secret? The biggest cocoa supply deficit in 60 years, thanks to harsh weather in West Africa (especially Côte d’Ivoire). The International Cocoa Organization reports a 478,000 metric ton deficit this season, predicting a 13.1% drop in global production and a 26.8% dip in end-of-season stocks.
Who knew chocolate would be the sweet winner this year?
Prices have skyrocketed by 185%—easily beating Bitcoin’s 128% gain. The secret? The biggest cocoa supply deficit in 60 years, thanks to harsh weather in West Africa (especially Côte d’Ivoire). The International Cocoa Organization reports a 478,000 metric ton deficit this season, predicting a 13.1% drop in global production and a 26.8% dip in end-of-season stocks.
Who knew chocolate would be the sweet winner this year?
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