Chocolate lovers might fear the adage: a moment on the lips, a lifetime on the hips. But there's more bad news. Their favourite treat is expected to cost more in the coming months as producers battle soaring cocoa prices. 

Cocoa prices have more than tripled over the past year as disease and adverse weather in Ghana and Ivory Coast pushed the global market to a third successive deficit, Reuters reports. Ghana and Ivory Coast supply more than 60% of the world's beans. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.