Why is Chocolate getting more expensive?
May 2024.
African cocoa plants run out of beans as global chocolate crisis deepens.
Processing plants cannot afford to buy beans, and consumers around the world are going to have to pay more for chocolate.
September 2024
Chocolate makers and cacao tree farmers say that consumers will “inevitably” pay more for chocolate in the future as global cacao prices skyrocket.
A “perfect storm” has hit cacao markets as farmers in West Africa suffer bad weather and diseased crops.
A report from agricultural analysts at Rabobank declared that the “worst is yet to come” for chocolate prices, with big manufacturers being squeezed by the “cacao crisis”.
“Consumers will likely see more price hikes in 2025.”
February 2025.
Here in Australia, frustrated shoppers have launched into Coles and Woolworths over the price of their Easter eggs and bunnies a full two months before the holiday, but the supermarket chains insist they are not to blame.
For most of the 2020s,
Cocoa’s wholesale price was just over AU$3,000 per ton during most of the 2000s.
In April 2024 the price had rising to a high of AU$19,000, before dropping to AU$10,000 later in the year.