Is there a risk of a price shock for chocolate in the supermarket shortly before Easter? Rewe and Lidl comment. After rising in 2023, cocoa prices rose again by around 50 percent this year.
The reason for the price increase is the supply crisis in West Africa. Due to climate change, cocoa producers have too low crop yields. Ivory Coast even “suspended trading in futures contracts for the next harvest’ at the beginning of February. This affects all planned deliveries from October 2024.