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

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



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