Cocoa Shortage 2024. 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. Heat is also making it more difficult for cocoa beans to thrive.

Heat is also making it more difficult for cocoa beans to thrive. “this is a milestone fairtrade month,” amanda archila, executive director, fairtrade america confirms, summing up the certification system’s.