[HIGHLIGHTS] Cocoa prices at their highest, Easter eggs much more expensive - Business

Cocoa prices at their highest, Easter eggs much more expensive. Annual chocolate consumption is estimated to exceed 8kg per person in the UK and 5kg in the US and Europe.

Ghana and Côte d'Ivoire, which together produce more than half of the global cocoa crop, have been hit by extreme weather conditions, amplified by the climate crisis and the El Niño phenomenon. A spokesperson for Nestlé, which owns chocolate brands such as KitKat, Smarties and Quality Street, said prices for consumers may have to rise.