Commentary: Cocoa Prices Skyrocket, But Farmers Left Behind
Cocoa prices have reached record highs due to severe supply shortages globally. The worsening impact of climate change, plant diseases, and socioeconomic challenges faced by cocoa-producing countries have all played a role. Smallholder farmers in West Africa, who supply around 70% of the world's cocoa, bear the brunt of these challenges despite being crucial players in the industry.