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International Business Times
International Business Times
Science

Better Than Gold: How Ecuador Cashed In On Surging Cocoa Prices

An aerial view of a worker spreading cocoa beans to dry in Guayaquil, Ecuador, on May 20, 2025 (Credit: AFP)

In Ecuador, farmers who bet on cocoa beans rather than bananas, the country's top agricultural export, are cashing in as a global shortage of the main ingredient in chocolate feeds a price bonanza.

Cocoa is now a billion-dollar business in the Andean country, rivalling gold, copper and silver as well as the ubiquitous banana.

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