Why are chocolate and coffee getting more expensive?
Climate change is making it harder for farmers to grow cocoa and coffee beans
The cost of cocoa - the key ingredient for making chocolate - has reached an all-time high. In fact, the price has roughly doubled over the past year. The soaring cocoa prices are squeezing major chocolate makers and filtering through to consumers who are paying more for their sweet treats.
Nkechi Ogbonna, the ±«Óătv’s Senior West Africa Business Correspondent, explains how climate change, irregular rainfall and crop infestations are contributing to the price hike.
It’s a similar story for coffee, as producers face growing demand and environmental challenges. Vanusia Nogueira, the executive director of the International Coffee Organization, tells us more.
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Presenter: Alex Rhodes
Producers: William Lee Adams, Baldeep Chahal and Mora Morrison
Editors: Verity Wilde and Simon Peeks
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What in the World
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