Cocoa futures prices have risen sharply to their highest level on record due to problems in Africa and new environmental rules.
Raluca Niculae
Current Affairs
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Rising cocoa prices are being driven by the impact of disease and extreme weather on crops in West Africa, the main cocoa supplier. This upward price trend will lead to higher costs for consumers and supply difficulties for chocolate producers. Chocolate producers have already started to announce price increases as a result.
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