29 May 2024 --- Over the past year, cocoa bean prices have skyrocketed by 300% with no signs of stabilizing, creating significant challenges for companies in the F&B industry. Kerry is ramping up action to support businesses that must mitigate rising costs and navigate the current economic landscape while maintaining product integrity, consumer trust, and satisfaction. Climate-induced drought, broader biodiversity issues and disease are ravaging cocoa crop yields in key growing regions in West Africa — and this is impacting market dynamics and pushing up prices globally.
