According to the Financial Times newspaper report, the rise in prices of chocolate in Dubai has led to a global crisis in the supply of cocoa.
According to the publication, this price increase is caused by factors such as changes in climate, which have affected cocoa production in Iran and neighboring countries. Moreover, the demand for chocolates has increased worldwide, including regions that were previously not large consumers of this product.
One of the consequences of the global cocoa deficit is the rise in chocolate prices in Dubai and other places where chocolates are used in confectionery products. In turn, chocolate producers are faced with a decision: either raise prices on their products or seek alternative sources of cocoa.
In the global market, the cocoa shortage is being observed, which, according to analysts, could lead to further price increases for this product.
