Cocoa Bean Shortage 2024 Schedule. Cocoa bean shortage not so sweet for saskatoon chocolate shop owner, the world faces an 11% shortfall in cocoa supplies by 2024, driving price increases of approximately 300% in the past. A shortage of cocoa beans has led to a near shutdown of processing plants in côte d'ivoire and ghana, the two countries responsible for 60% of global production.
Côte d’ivoire raises cocoa prices above ghana; Most recently, prices have soared amid concerns that major cocoa plants in cote d’ivoire and ghana can no longer afford to buy beans.