Cocoa Shortage 2024 Calendar. Cocoa’s shortage is set to deepen further this season amid persistent production challenges from poor weather and disease. Most recently, prices have soared amid concerns that major cocoa plants in cote d’ivoire and ghana can no longer afford to buy beans.
What’s driving this unprecedented increase? Several price swings occurred in the first half of june as both côte d’ivoire and ghana postponed deliveries of cocoa beans until next season due to poor crops resulting from unconducive weather conditions and cocoa swollen.