Chocolate’s ‘OPEC’ Promises To Lift Cocoa Prices For African Producers


While the world has been vexed over the spike in oil prices in recent days, amid the U.S.-Iran conflict and speculation about whether OPEC would raise production if the rally continued, a different cartel was quietly working to boost the prices of another commodity.

For those who missed it, here’s the story: Ivory Coast and Ghana, the West African nations which together produce about two-thirds or more of the world’s cocoa, have formed their own chocolatey version of the Organization of the Petroleum Exporting Countries (OPEC).

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