Cocoa prices at record high after drought hits harvests
In the latest price hike, the cocoa bean traded above US$10,000 (£8,000) per tonne on world commodity markets, US$2,000 more than last week
The price of cocoa hit a new record fuelled by climate change and adverse weather conditions – impacting a market that has already seen high Easter chocolate prices in Europe.
In the latest price hike, the cocoa bean traded above US$10,000 (£8,000) per tonne on world commodity markets, US$2,000 more than last week.
The world’s largest cocoa exporters – Ivory Coast and Ghana – suffered poor harvests after droughts in February following heavy rains in December.
Popular brands of Easter eggs will now cost 50% more than last year, forcing companies to promote non-chocolate Easter treats like biscuit bunnies.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Azay FM 89.1 in Takoradi, Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts online: asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand
