Cocoa prices surpass $9,000 for the first time amid supply crunch
Edited By WION Video Desk
Published: Mar 26, 2024, 05:45 IST | Updated: Mar 26, 2024, 05:45 IST
Ghana, the world's second-largest cocoa producer, is facing a financial crisis due to a dramatic drop in cocoa bean output. Extreme weather and disease have ravaged crops, leading to a harvest forecast of just 422,500 tons - half of what the country initially expected.
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