What this means for farmers, businesses and chocolate lovers.
A shortage of cocoa beans has led to a near shutdown of processing plants in Côte d’Ivoire and Ghana, the two countries responsible for 60% of global production.
One environmental factor is the impact of the El Niño weather phenomenon, which has caused drier weather in West Africa. It has contributed to problems on farms, such as the swollen shoot virus disease. As a result, Ghana has lost harvests from nearly 500 000 hectares of land in recent years.El Niño poses threat to Southern African maize supply
Perhaps the most severe issue of all is the lack of fair compensation for sustainable cocoa production. The global market for chocolate and chocolate products is on the rise. It is projected to grow faster than 4% annually over the next few years. This growing demand for cocoa underscores the urgency of addressing the intertwined issues that relate to the industry’s sustainability.In February 2024, the Ghana Cocoa Board , the country’s cocoa sector regulator, secured a World Bank loan of US$200 million to rehabilitate plantations affected by the cocoa swollen shoot virus.
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West Africa: Cocoa Beans Are in Short Supply - What This Means for Farmers, Businesses and Chocolate LoversAnalysis - A shortage of cocoa beans has led to a near shutdown of processing plants in Côte d'Ivoire and Ghana, the two countries responsible for 60% of global production. With chocolate makers around the world reliant on west Africa for cocoa, there is significant concern about the impact on the prices of chocolate and the livelihood of farmers.
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No More Chocolate? Cocoa Beans Shortage Threatens Supply ChainA cocoa bean shortage has prompted a near shutdown of processing plants in Côte d'Ivoire and Ghana, posing concerns for global chocolate prices and farmer livelihoods, reports Michael E Odijie for The Conversation Africa.
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