Climate Crisis Is Causing a Chocolate Market Meltdown: Study

According to a new report by independent research group Climate Central, the climate crisis has driven weeks of hot temperatures in West Africa’s “cocoa belt,” where roughly 70% of the cocoa in the world is produced, impacting harvests and likely causing record chocolate prices.

Between July of 2022 and February of last year, cocoa prices jumped by 136 percent, partially due to climate extremes in the region, a press release from Climate Central said.

“Climate change, due primarily to burning oil, coal, and methane gas, is causing hotter temperatures to become more frequent in the four West African countries responsible for producing approximately 70% of the world’s cacao — the key ingredient in chocolate,” the report, Climate change is heating up West Africa’s cocoa belt, said. “While many factors, such as precipitation and insect-borne infections, can affect cacao trees, excessive heat can contribute to a reduction in the quantity and quality of the harvest — potentially increasing global chocolate prices and impacting local economies in West Africa.”