The cost of cocoa - the key ingredient for making chocolate - has reached an all-time high. In fact, the price has roughly doubled over the past year. The soaring cocoa prices are squeezing major chocolate makers and filtering through to consumers who are paying more for their sweet treats.
Nkechi Ogbonna, the BBC’s Senior West Africa Business Correspondent, explains how climate change, irregular rainfall and crop infestations are contributing to the price hike. It’s a similar story for coffee, as producers face growing demand and environmental challenges. Vanusia Nogueira, the executive director of the International Coffee Organization, tells us more.
Instagram: @bbcwhatintheworld WhatsApp: +44 0330 12 33 22 6 Email: whatintheworld@bbc.co.uk Presenter: Alex Rhodes Producers: William Lee Adams, Baldeep Chahal and Mora Morrison Editors: Verity Wilde and Simon Peeks