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Cocoa prices spike, farmers struggle, Easter treat expected for Big Chocolate

Climate change wreaking havoc on producers but that’s not expected to hurt chocolate marketplace
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Niaz Mardan places a large luxury handmade Belgian chocolate rabbit in the window display of Sandrine a chocolate shop in south west London, Thursday, March 21, 2024. Niaz Mardan, is suffering due to high cocoa prices, she’s making no profits and fears she will have to close the shop that’s been around for 25 years (she’s the third owner and took over in 2019). (AP Photo/Kirsty Wigglesworth)

Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa.

About three-quarters of the world’s cocoa — the main ingredient in chocolate — are produced on cacao trees in Ghana, Ivory Coast, Nigeria

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