Worldwide, candy consumers and manufacturers have been hit by the recent unprecedented rise in cocoa prices. Severe weather, including intense rain, then droughts in West Africa, where 70% of the world’s cocoa is sourced from, have meant a steep decline in supply. But one segment of the confectionary world is experiencing gains, despite the challenges and record-breaking price increases: African chocolate makers. Chocolate has become infamous for its associations with ESG-related issues, including child labour and the lack of sustainability in its production cycle. The impending rule is already challenging the supply chain in West Africa and threatening to further hike up chocolate prices.
