Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Chocolate-producing companies and consumers bear the brunt of climate change as cocoa farmers continue to increase prices caused by damaged cocoa beans, as a result of frequent extreme weather events including heatwaves and erratic rains.
Mota’s comments come after farmers in Côte d’Ivoire — the world’s largest cocoa producer, accounting for about 44% of global cocoa production — announced that their cacao trees were rotting and were producing less than the previous year. According to the indicators released on Tuesday, the price of cocoa reached a new peak in March 2024, standing at approximately $8 500 per metric tonne.
Mota said the effects of climate change on cocoa production are a growing concern for Nestlé, as cocoa is a vital ingredient for their products — and the main source of livelihood for many farmers in West Africa.