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The Guardian - AU
The Guardian - AU
National
Calla Wahlquist

Bitter sweets: chocolate to cost more for Australians as cocoa prices hit 50-year peak

Deforestation
Close up of bars of chocolate
High cocoa prices and low supply are expected to flow on to retail chocolate prices over the next few months, on top of prices which had risen due to inflation. Photograph: Cultura RM Exclusive/Diana Miller/Getty Images/Image Source

Chocolate prices are expected to soar again as cocoa commodity prices hit their highest level in nearly 50 years, the research arm of global agriculture and commodities bank Rabobank has warned.

Cocoa prices peaked at nearly $12,000 USD per tonne in the first half of 2024 in response to a global cocoa shortage.

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