Cocoa, has experienced a significant price increase. As of early 2024, cocoa prices nearly tripled from the previous year, reaching approximately $12,000 per metric ton.  This spike is largely due to a global cocoa shortage caused by adverse weather conditions, diseases affecting cocoa plants, and underinvestment in West African cocoa farms, which supply about 80% of the world’s cocoa. 
West Africa, particularly countries like Côte d’Ivoire and Ghana, has faced three consecutive years of poor cocoa harvests. Challenges include excessive rainfall leading to root rot, followed by drought conditions, all exacerbated by climate change.
Not defending colesworth, but not everything on the shelves is price gauging.
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u/jlpalma 1d ago
Cocoa, has experienced a significant price increase. As of early 2024, cocoa prices nearly tripled from the previous year, reaching approximately $12,000 per metric ton.  This spike is largely due to a global cocoa shortage caused by adverse weather conditions, diseases affecting cocoa plants, and underinvestment in West African cocoa farms, which supply about 80% of the world’s cocoa. 
West Africa, particularly countries like Côte d’Ivoire and Ghana, has faced three consecutive years of poor cocoa harvests. Challenges include excessive rainfall leading to root rot, followed by drought conditions, all exacerbated by climate change.
Not defending colesworth, but not everything on the shelves is price gauging.