The GIBS Blog (Gordon Institute of Business Science)

African cocoa plants run out of beans as global chocolate crisis deepens (Bizcommunity)

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, which means chocolate prices around the world are likely to soar. Chocolate makers have already increased prices to consumers, after three years of poor cocoa harvests, with a fourth expected, in the two countries that produce nearly 60% of the world’s cocoa. Click here to read the full article

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