Reuters reports that cocoa behemoths are reducing output.

paused or scaled down processing in major factories due to rising bean costs,

Reuters reported on Thursday, raising chocolate prices worldwide.

Nearly 60% of cocoa comes from the two West African nations. 

The African Export-Import Bank reported on Tuesday that both had been 

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dealing with harsh weather and cocoa pod diseases for months.

According to Afreximbank, cocoa supplies from the former French colony fell 39%

to 1.04 million metric tons from October 2023 to February 2024. 

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