Bittersweet pleasure as chocolate prices soar
Sweet-toothed Caymanians have been left with a bitter taste in their mouths after rocketing cocoa prices and a world shortage have pushed the raw material price up by as much as three times over three years.
Cake makers, supermarkets and stores have all been forced to raise prices on chocolates and chocolate confections and to get more creative as the cocoa shortage deepened.
The average cocoa price on the world market was US$2.39 per kilogram in 2022, $3.28 per kg in 2023, $7.33 per kg in 2024 and, at present, about $8 per kg, according to global data platform Statista. For a more complete summary of the story, please see the below link:
Published on: Oct 09, 2025 05:20 PM