Cocoa Shortage 2024 Tacoma. Most recently, prices have soared amid concerns that major cocoa plants in cote d’ivoire and ghana can no longer afford to buy beans. Both voice network’s fountain and cocoa expert wateridge are forecasting that ecuador will now overtake ghana as the world’s number 2 cocoa by 2027.

The majority of chocolate is made in just two countries and erratic weather from climate change is decreasing cocoa production. Climate change is contributing to erratic weather where cocoa beans are grown and threatening the global chocolate supply.