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This week, cocoa beans on the New York Mercantile Exchange reached a record high of $5,874 per ton. Over the past year, cocoa prices have doubled due to drought in West African countries such as Ghana and Ivory Coast. These conditions have severely impacted cocoa producers in the region.

The increase in cocoa prices has had a ripple effect around the world, with consumers facing higher prices for chocolate products. This trend is likely to continue until conditions improve for cocoa producers and stabilize the market. Despite this challenge, chocolate lovers can still enjoy their favorite treats by finding alternative sources of cocoa that are not affected by the drought in West Africa.

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