The virus, mainly spread by mealybugs that feed on cacao trees, has resulted in substantial harvest losses, varying from 15% to 50%.
chocolate
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Skyrocketing cocoa prices, doubling in 2024 and outpacing Bitcoin, pose Easter concerns for chocolate firms, with New York wholesale rates peaking at $8,900 per ton.
Planet A Foods has raised $15.4 million in Series A funding to expand the global presence of its cocoa-free chocolate brand.
Enticing its patrons more, M&M has just released its new flavor - caramel.
The product will hit the stores in early February, just in time for Valentine's Day. Kit Kat Sake is expected to be a worldwide sensation just like Nestle Japan's Kit Kat Green Tea. Kit Kat bars are particularly popular in Japan because the brand sounded like the Japanese for 'you will surely win'.
Jaki Kweka is that rare breed of gourmet chocolatier. She makes fine chocolate in Africa using local African ingredients.
A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.
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