Chocolate prices may rise significantly around the world in the near future. This is due to the fact that the largest cocoa processing plants in Africa have stopped due to rising prices for raw materials. Analysts warn about this.

Almost half of the world's cocoa is produced in Africa, and it is there that the chocolate industry is currently experiencing a crisis. Since the beginning of 2024, the price of cocoa beans has already increased by 50%, and in early March, a historical maximum of the exchange value of cocoa beans was set - $7 thousand per ton.

This leads to the fact that many chocolate manufacturers are forced to increase prices for their goods to compensate for the rising cost of raw materials. In addition, some companies may face shortages of raw materials, which will also affect the price of the final product.

 

 

It is worth noting that the chocolate industry is one of the key sectors of the food industry around the world. According to experts, the global chocolate market exceeds $100 billion a year.

Russian chocolate producers may also face the consequences of the global crisis in the chocolate industry. However, thanks to the developed agricultural industry and the presence of its own cocoa bean processing facilities, Russia is less dependent on imports of raw materials than many other countries.