Climate change is sending cocoa prices soaring

The cost of cocoa beans, chocolate’s key ingredient, skyrocketed past $10,000 a tonne on 26 March. That’s more than double the price of cocoa 2 months ago and more than triple a year ago. The driving cause is changing weather patterns. Heatwaves and drought have affected harvests in Ghana and Côte d’Ivoire, which together produce two-thirds of the world’s cocoa crop.