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Over the past decade, cocoa prices remained relatively stable. However, a recent decline in production volumes has disrupted global markets and led to sharp price increases. The largest cocoa-producing countries are located in West Africa—Côte d'Ivoire, Ghana, Nigeria, and Cameroon—collectively supplying around 65 percent of the world's cocoa beans. The 2023/2024 harvest was exceptionally poor, largely due to extreme weather events driven by climate change and the spread of cocoa diseases. Most
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