Economy
2024 April
2024-04-01 Due to global climate change, cocoa hit its highest spike in price. Companies used shrinkflation tactics like less than 10% chocolate in some of their products and replacing them with chocolate compound. Companies also replaced cocoa butter with palm kernel oil. The FDA required those companies to re-label their products as “chocolate candy” or “chocolatey” in lieu of “milk chocolate” when reaching below-10% margins. It is estimated that due to climate change chocolate production could come to a halt around 2050.
https://salatainstitute.harvard.edu/chocolates-climate-crisis/
https://eciu.net/analysis/reports/2025/climate-impacts-on-cocoa
https://www.renewablematter.eu/en/why-price-cocoa-dropping-but-chocolate-rising