{"id":154619,"date":"2024-05-11T12:00:42","date_gmt":"2024-05-11T11:00:42","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/soaring-cocoa-prices-blessing-or-curse-for-african-farmers-dw-news\/"},"modified":"2024-05-11T12:00:42","modified_gmt":"2024-05-11T11:00:42","slug":"soaring-cocoa-prices-blessing-or-curse-for-african-farmers-dw-news","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/soaring-cocoa-prices-blessing-or-curse-for-african-farmers-dw-news\/","title":{"rendered":"Soaring cocoa prices: Blessing or curse for African farmers? | DW News"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i4.ytimg.com\/vi\/GBatp8NTz5U\/hqdefault.jpg\" alt=\"Soaring cocoa prices: Blessing or curse for African farmers? | DW News\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/GBatp8NTz5U\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>West Africa is king, when it comes to cocoa &#8211; the entire world has a love affair with chocolate, and without cocoa, chocolate is a no-go. African nations dominate the global cocoa trade, with Cote d&#8217;Ivoire, Ghana, Cameroon and Nigeria producing 70 percent of the cocoa beans consumed globally.<br \/>\nBut that taste for chocolate is proving an expensive habit, and some analysts say the price of the sweet stuff may soon be twice what it was, because the cost of the raw material is only going up: The price of a ton of cocoa has increased almost fivefold since late 2023.<br \/>\nSo how does that compare to other objects of desire, say microchips?<br \/>\nSince the start of the year, Cocoa prices have even outperformed shares in the world&#8217;s leading computer chip giant, Nvidia.<br \/>\nSo what&#8217;s driving prices so high? Ghana, the world&#8217;s second largest producer is facing a catastrophic harvest, in a deepening cocoa crisis. Producers have seen a wave of illegal gold mining wipe out their trees, with many deciding just to sell their plots.<br \/>\nClimate change is also doing its damage: Ghana has slashed its cocoa forecast this year because of hotter, drier weather.<br \/>\nCameroon is Africa&#8217;s third largest cocoa producer, and one farmer there said &quot;cocoa season is a season of cash.&quot; Cocoa provides about 90% of the income for rural communities involved in its production. DW&#8217;s Blaise Eyong spoke to a farmer in the village of Loum, in Cameroon&#8217;s Littoral region who is turning his cash crop into consumer goods.<\/p>\n<p>00:00 Intro and report<br \/>\n00:37 DW speaks with Kristy Leissle, researcher, author and consultant in the cocoa and chocolate industries<\/p>\n<p>That&#8217;s boosting one thing: the cocoa industry&#8217;s equivalent of the covid pandemic, a viral disease that ruins yields before it kills the trees completely.<br \/>\nSubscribe: https:\/\/www.youtube.com\/user\/deutschewelleenglish?sub_confirmation=1<\/p>\n<p>For more news go to: http:\/\/www.dw.com\/en\/<br \/>\nFollow DW on social media:<br \/>\n\u25baFacebook: https:\/\/www.facebook.com\/deutschewellenews\/<br \/>\n\u25baTwitter: https:\/\/twitter.com\/dwnews<br \/>\n\u25baInstagram: https:\/\/www.instagram.com\/dwnews<br \/>\n\u25baTwitch: https:\/\/www.twitch.tv\/dwnews_hangout<\/p>\n<p>#Cocoa #Chocolate #Africa<br \/>\nF\u00fcr Videos in deutscher Sprache besuchen Sie: https:\/\/www.youtube.com\/dwdeutsch<\/p>\n","protected":false},"excerpt":{"rendered":"<p>West Africa is king, when it comes to cocoa &#8211; the entire world has a love affair with chocolate, and without cocoa, chocolate is a no-go. African nations dominate the global cocoa trade, with Cote d&#8217;Ivoire, Ghana, Cameroon and Nigeria producing 70 percent of the cocoa beans consumed globally. But that taste for chocolate is [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":154620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[130889],"tags":[132230,129400,129220],"actors":[],"class_list":["post-154619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dw-news","tag-africa","tag-king","tag-west"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Soaring cocoa prices: Blessing or curse for African farmers? | DW News | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Soaring cocoa prices: Blessing or curse for African farmers? | DW News for free, here on News ISC. Discover more great videos on our website and be part of the community.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newsisc.com\/videos\/soaring-cocoa-prices-blessing-or-curse-for-african-farmers-dw-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soaring cocoa prices: Blessing or curse for African farmers? | DW News | News ISC Videos\" \/>\n<meta property=\"og:description\" content=\"Watch Soaring cocoa prices: Blessing or curse for African farmers? | DW News for free, here on News ISC. 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