Do you like chocolate or is it part of your raw material? This interests you after the increase in the price of cocoa due to the shortage of the product.
Through social networks, Internet users have warned of the increase in the price of chocolate, as well as the disappearance of certain cocoa-based products.
Which makes many wonder What happens to cocoa in 2024? This is what we know after its price increase.
cacao (Denisse Hernández Rubio)
This happens with cocoa after a price increase and not only due to a shortage of the product.
Reports from users on social networks have caused a stir, since the reality is that the cocoa in 2024 has had a considerable increase in its price.
According to reports of the latest data collected by the International Cocoa Organization the production of this food has been affected so the market also has consequences.
Therefore, it is projected that the world supply of cacao will decrease by almost 11% during the 2023/2024 season.
On the other hand, the causes of shortage It is the result of a combination of environmental and economic factors.
Among them, the lack of rainfall in West Africa, which It is responsible for approximately 80% of global cocoa production.
Likewise, in this aspect, the Brazilian page specialized in trade in this food Mercado Cacau, the supply of cacao has been threatened by various
These causes indicate that production such as adverse weather conditions or increasingly older trees add to the shortage
Just as the old trees of cacao They are more prone to pests or diseases, which has been very present during the last harvests.
With this, the portal foresees a production deficit of 462 thousand tons for the current season, since the Demand for cocoa has exceeded supply.
With this, the International Cocoa Organization points out that the drop in cocoa production cacao could have long-term consequences, causing this important product to disappear as we know it by 2050.
This July 7 is World Cocoa Day (Ly Le Minh / Unsplash )
The increase in the price of cocoa has already hit a Costco product in Mexico
Through various videos on social networks, consumers of products derived from cacao like chocolate chips have warned about their prices.
Although the problem is not only with the price of chocolate products, but also in the disappearance of some.
According to consumers, the Kirkland brand chocolate chips have been discontinued, due to the cocoa crisis.
Which is true, because according to a statement from the exclusive brand at Costco, the decision was due to cocoa prices and the products were replaced by Nestlé Toll House products.
2024-09-28 23:47:26