OREANDA-NEWS A severe crop failure of cocoa beans led to the fact that there was less cocoa in chocolate. It is being replaced with cheaper alternative components.

Due to rising prices for cocoa beans, producers are forced to reduce the cocoa content in chocolate, writes Bloomberg.

Global chocolate producers are faced with the problem of rising prices for cocoa beans, which occurred due to crop failure. As a result, wholesale prices increased from $3,000 per ton to $6,000 per ton.

Manufacturers are replacing the more expensive cocoa with peanut butter and caramel. In Britain, Nestlé has launched hazelnut-flavored chocolate bars on the market, whose weight is two-thirds lower than that of competitors.

The analyst notes that the crisis in the bean market may last until 2025, and the cost per ton will increase to 7 thousand dollars.