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With the varieties of chocolate available like milk chocolate, dark chocolate and white chocolate, how do you choose the one best for your health and to satisfy your sweet tooth?
Heavier-than-usual rainfall during the past three to six months in the main cocoa-producing countries of West Africa - Cote d'Ivoire, Ghana, Nigeria, and Cameroon could impact the chocolate industry due to a shortage of its main ingredient, according to Everstream Analytics, which risk scores and provides predictive supply chain insights for various companies and commodities.
After two consecutive years of deficit in conjunction with the expectation of another negative for the current season, cocoa futures in London and New York have continued to be bullish as demand for chocolate remains high, pushing up prices in the face of short supplies from the main producing countries.