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Big Take

The Cocoa Shortage Rocking the Chocolate World

Apr 17, 2024
16:49
Snipd AI
Exploring the global cocoa shortage and its impact on the chocolate industry, from Ghana's cocoa farms to Brooklyn's chocolate factories. Issues like extreme weather, deadly fungus, and production decline are threatening the future of chocolate. Cocoa farmers in Ghana face challenges with limited benefits, while chocolatiers in Brooklyn navigate price hikes and recipe adjustments to combat the crisis.
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Podcast summary created with Snipd AI

Quick takeaways

  • Cocoa crisis impacts chocolate industry globally, leading to rising prices and innovation in recipes.
  • West African cocoa farmers face challenges with failing crops, fixed prices, and potential shifts in land use.

Deep dives

Cocoa Crisis and Price Hike

Cocoa production faces challenges due to extreme weather events and diseases, causing a cocoa crisis that impacts chocolate makers globally. With 75% of cocoa supply from West Africa, dwindling production has led to over doubled cocoa prices, affecting producers like Jacques Torres who faces tough choices, such as potentially altering his chocolate recipe or adding alternative ingredients to offset rising costs.

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