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The True Cost of Candy

Cocoa Prices Skyrocket

By IGI Global on Mar 29, 2024
0 Cocoa prices have skyrocketed to an unprecedented $10,000 per metric ton.This sudden surge poses a significant challenge for both chocolate manufacturers and consumers, as it threatens the stability of the cocoa supply chain and may lead to higher retail prices for chocolate products. The environmental impact of such high prices is also a concern, as the increased pressure on cocoa farming could result in deforestation and other environmental issues.
Stakeholders in the cocoa industry must explore various solutions to address the soaring cocoa prices. These could involve implementing sustainable farming practices to increase cocoa yields, investing in research and development for alternative ingredients, and fostering partnerships to ensure fair pricing for cocoa farmers. Additionally, consumers can support ethical chocolate brands and products, prioritizing sustainability and fair trade practices to promote a more stable and equitable cocoa market.

To learn more about sustainable practices and advancements in supply chain management, Strategies for Environmentally Responsible Supply Chain and Production Management (ISBN: 9798369306697) provides the underpinnings of SSCM and furnishes practical insights on overcoming implementation challenges. It delineates strategies to weave sustainability into supply chain operations, fostering a convergence between ecological responsibility and organizational objectives.

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Strategies for Environmentally Responsible Supply Chain and Production Management
Profs. Yanamandra Ramakrishna and Babita Srivastava
© 2024 | 309 pgs. | ISBN13: 9798369306697
  • Covers Topics such as Circular Economy, Industry-Specific Approaches, and Stakeholder Engagement
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Handbook of Research on Green Technologies for Sustainable Management of Agricultural Resources
Profs. R.S. Sengar, Reshu Chaudhary, and H.S. Bhadauriya
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Impacts of Climate Change and Economic and Health Crises on the Agriculture and Food Sectors
Prof. Vítor João Pereira Domingues Martinho
© 2022 | 420 pgs. | ISBN13: 9781799895572
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Digital Supply Chain, Disruptive Environments, and the Impact on Retailers
Prof. Ehap Sabri
© 2023 | 373 pgs. | ISBN13: 9781668472989
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Research Anthology on Strategies for Achieving Agricultural Sustainability (3 Volumes)
Information Resources Management Association
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About IGI Global – Publishing Tomorrow’s Research Today
Founded in 1988 and headquartered in Hershey, Pennsylvania, USA, IGI Global is a leading medium-sized independent international academic publisher of cutting-edge, high-quality, peer-reviewed scholarly reference publications in the three major academic subject areas of Business & Management, Scientific, Technical, & Medical (STM), and Education. With a commitment to facilitating the discovery of pioneering scientific research, this publishing house has empowered over 200,000+ expert researchers from leading institutions globally to bring advanced reference books and scholarly journals to the research community. IGI Global’s Open Access Journal Program includes nearly 200+ active fully open access journals and at present, IGI Global is one of the largest 100% open access journal publishers in the world. Through traditional and open access publishing workflows, IGI Global’s unique, swift, and agile proprietary processes (books release in roughly 6-9 months from start to finish) ensures that tomorrow’s research is published today.

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