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Cocoa Bean Shortage 2024 Season

Cocoa Bean Shortage 2024 Season. The 2023/24 season is predicted to experience a shortage in cocoa bean supplies, mirroring the deficits of the past two years due to adverse weather conditions. October marks fairtrade month, a significant event this year amid the continuing cocoa crisis and its impact on farmers’ livelihoods.


Cocoa Bean Shortage 2024 Season

Major african cocoa plants in ivory coast and ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world. Long the world’s undisputed cocoa powerhouses accounting for over 60% of global supply, ghana and its west african neighbour ivory coast are both facing catastrophic.

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