Challenges in Cocoa Production

Cocoa production has faced severe challenges in recent years, particularly in the Ivory Coast and Ghana, which collectively account for about two-thirds of the world's supply. Erratic weather patterns and climate change have exacerbated these issues, leading to significant declines in crop yields. Furthermore, illegal mining activities in Ghana have compounded the problem, as cocoa farmers are often unable to protect their land. These factors have resulted in stock levels plummeting to their lowest since the 1960s, creating a perfect storm for the cocoa market's instability.