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Cocoa Prices Reached All-Time Highs. What Does This Mean For Our Chocolate? | Big Business

Business Insider 713,834 6 months ago
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A huge cocoa shortage has hit the world's top cocoa-growing countries. Now, for the third year in a row, there are not enough cocoa beans to meet global demand. In 2024, cocoa prices soared to all-time highs. But what caused the shortage? And what does this mean for chocolate companies and chocolate lovers? 0:00 - Intro 1:03 - A deadly cocoa bean virus 3:31 - The illegal gold mines fueling cocoa shortages 7:17 - How cocoa beans are roasted 10:17 - How the oldest chocolate house in NYC is surviving 13:13 - Shrinking chocolate bars 14:13 - How Mars Wrigley is producing a record amount of Halloween candy 17:50 - Credits MORE BIG BUSINESS VIDEOS: 14 Fascinating Businesses Behind The Scenes | Business Insider Marathon https://www.youtube.com/watch?v=cKn4i2dvya0 Why The US Loses $800M A Year In Unrecycled Aluminum Cans | Big Business | Business Insider https://www.youtube.com/watch?v=uyi2RT3Kak4 Why Louisiana's $1.3 Billion Shrimp Industry Could Go Extinct | Big Business | Business Insider https://www.youtube.com/watch?v=_YwrI5SlS8Q ------------------------------------------------------ #chocolate #cocoa #businessinsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/insiderbusiness Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider Cocoa Prices Reached All-Time Highs. What Does That Mean For Our Halloween Chocolate? | Big Business

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