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Shoppers may notice a surprising hike in chocolate prices this Easter, as changing climate patterns impact global cocoa supplies and the earnings of farmers in West Africa. The dusty seasonal winds from the Sahara blocked out the sunlight needed for bean pods to grow while heavy rainfall spread a rotting disease in the previous season. With exports from the Ivory Coast down by a third, global cocoa prices have soared, doubling this year and reaching record highs. Farmers are struggling to cover their costs, despite the price increases.

Major confectionery companies have passed on the rise in cocoa prices to consumers, increasing their net profit margins. The demand for chocolate during Easter could result in further price spikes on candy, as companies continue to raise prices to meet revenue growth forecasts. Consumer groups in the UK have reported that chocolate Easter eggs and bunnies from popular brands have increased in price by 50% this year, with some products being smaller as well. Farmers attribute their poor crops to climate change, as cacao trees are sensitive to weather fluctuations.

Cocoa is traded globally on a regulated market, with prices set up to a year in advance. Many farmers in West Africa blame climate change for their low yields, with the harmattan winds and black pod disease impacting production. Authorities are promoting education on farming methods to mitigate climate change effects, such as using irrigation systems. The president of Ghana has pledged to support farmers for the next cocoa season, promising to do right by them.

Despite rising candy prices, the National Retail Federation expects Easter spending to remain high by historical standards. Swiss chocolate consumption has slightly declined, with retail prices on the rise. Lindt & Sprüngli reported increased profitability, with price increases accounting for growth. Smaller chocolate businesses, like Sandrine Chocolates in London, are struggling to keep up with the spike in cocoa prices as their sales decline. The owner, Niaz Mardan, has had to let go of employees and relies on holiday sales to keep the business afloat.

Overall, the changing climate patterns in West Africa have had a significant impact on cocoa supplies, leading to increased prices for consumers. While major confectionery companies have been able to pass on these price increases and maintain profitability, smaller businesses are feeling the strain. Farmers are facing challenges due to poor crops and rising production costs, prompting authorities to support them through education and promises of assistance in the upcoming cocoa season. Despite the high prices, consumer spending on chocolate during Easter is expected to remain strong, showcasing the enduring popularity of this holiday treat.

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