Cocoa Shortage 2024 Mustang. A recovery in cocoa production in the world’s largest growers is set to put an end to a massive bean shortage that sent prices surging to a record this year, according to commodities broker. The world faces an 11% shortfall in cocoa supplies by 2024, driving price increases of approximately 300% in the past year, according to the international cocoa organization’s.

Tim swanston ) cocoa is how hundreds of thousands of papua new. What’s driving this unprecedented increase?