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Chocolate prices to rise in India as cocoa price hits ₹650/kg: Report
short by Ashley Paul / on Sunday, 24 March, 2024
Chocolate prices are set to rise in India over next few months as Indian cocoa bean prices have soared 200% YoY to ₹650/kg, Moneycontrol reported. The rise in cocoa prices is fuelled by supply disruption in Ivory Coast and Ghana, the world's two biggest cocoa producers, because of weather and diseases. Further, domestic supply isn't sufficient to meet domestic demand.
read more at Moneycontrol