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Why chocolate is skyrocketing in price

Chocolate is selling at record highs. But for West African cocoa farmers, it’s not exactly a windfall.

Meanwhile, during last year’s harvest season, theft got so bad that farmers in some communities set up security task forces to prevent pods from being stolen directly on trees in the forests. Yusuf Abosede, head of Landmark Farmbiz, an international agro-trade firm, says the increased productivity will reduce scarcity and prices, albeit to levels still higher than most farmers are accustomed to. With hopes of a higher payday this year, he splurged by buying fertilizer and herbicide and investing in new seedlings to replace dead trees and expand the farm.

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