Chocolate love has its price on Valentine's Day as cocoa costs make hearts shudder, not flutter
BRUGES, Belgium (AP) — St. Valentine chocolates always seek to show how deep your love is. This year, it might just also show how deep your pockets are.
With the price of cocoa beans setting unprecedented records on the commodities market, it will certainly turn the gift of love into a bigger financial commitment than it once was. Turns out that if love is reputed to be eternal, a low price for cocoa, the essential ingredient in chocolate, is not.
No beans, no Valentine's chocolate
'The price increase of cocoa is absolutely spectacular, now for 2, 2½ years,' said Philippe de Sellier, the head of both Leonidas and Belgian chocolate federation Choprabisco. When it stood at less than $2,000 a ton in the summer of 2022, it really took over early last year and peaked at well over $12,000 during the Christmas season and has been hovering around the $10,000 mark since.
'We are seeing unprecedented prices. They haven't been this high for the last 50 years,' said Bart Van Besien, policy adviser of the Oxfam fair trade group. And the impact can be felt deep in chocolate gourmet country Belgium, where some of its 280 chocolate companies are left with a bleeding heart during Valentine's week.
Dominque Persoone, owner of the famed Chocolate Line brand, still has plenty of beans to grind in his workshop in Bruges, but considers himself lucky, partly because he also has his own cocoa plantation in Mexico.
'I have a lot of colleagues who are really in trouble, because the price is too high,' he said. 'If you don't have good contacts, they just don't deliver anymore.'
Some just close for Valentine, he said, turning one of the few financial bonanzas of the year into a forced vacation, hoping that Easter, with its eggs and bunnies, will bring better tidings. Many chocolatiers can't go for the usual profit margins and turn all the extra costs of the cocoa prices over to their customers. Persoone said that his chocolates increased in price by 20% over the last year alone while de Selliers said that it depends very much from producer to producer.
The perfect chocolate storm
The shock of cocoa prices pretty much is a metaphorical perfect storm, mixing climate, disease, commodity speculation, the plight of farmers and social ascendency around the world into one heady mix.
'The drop that has happened now in production was directly linked to climate change,' said Van Besien, blaming changes in annual rain and drought patterns in western Africa that weakened the sensitive trees in key production areas. Persoone also said that the temperature differences between night and day increased in the small strip of land around the equator where the trees can thrive. Compounded by disease, it made sure too many harvests failed.
At the same time across the world, populations lifted themselves out of poverty, middle classes expanded in places like China and the craving for the delicacy increased.
And making matters worse, the years of slumping prices for the beans simply drove farmers off the land to look for a better future in the cities and pushed production further down. De Selliers said that '60 % of cocoa comes from Ivory Coast and Ghana and these farmers have to make a better living. It is extremely important.'
Persoone concurred: 'We didn't pay enough to have an honest price for the farmers.'
So, strangely enough, low prices then, help cause high prices now.
'The big irony in the cocoa industry is that farmers are now getting a fair price at the moment they are abandoning cocoa farming,' Van Besien said. 'With the price they are getting right now, they could have invested in sustainable practices. They could have sent their children to school.'
Chocolate love within reach
Does it mean a premier box of chocolates is a guilty pleasure on Valentine's Day?
'Yeah, the guilt question …. It's one that always works,' said Van Besien, the fair trade expert. 'We could not survive if we would be thinking about these things all the time,' arguing that legislation should trump consumer emotions.
'We should have laws that make buying cocoa below the cost of the production something illegal. And it should not be up to the consumer to make this decision,' he said. Both de Selliers and Persoone hope that if the prices drop down again, they stay around the $5,000 or $6,000 mark.
'I really, really hope the money goes to the farmers,' Persoone said.
So in the meantime, despite the price hikes, the chocolate shouldn't leave too bitter a taste.
'It's a small luxury that most people still can afford,' Persoone said. 'I hope it stays like this.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Japanese frigate arrives in Australia as Tokyo bids for defense deal
NEWCASTLE, Australia (AP) — A state-of-the-art Japanese warship has arrived in Australia as part of a high-stakes campaign to secure a $6.5 billion contract to build the country's next fleet of general-purpose frigates. The JS Yahagi, a Mogami-class stealth frigate from Japan's Maritime Self-Defense Force, is docked in Darwin in Australia's Northern Territory in what appears a symbolic and strategic move aimed at strengthening defense ties with Australia and showcasing Japanese naval technology. Japan's bid, led by Mitsubishi Heavy Industries, was short-listed in November for the Royal Australian Navy's SEA 3000 frigate project and is competing against Germany's MEKO A-200 offered by Thyssenkrupp Marine Systems. Japan would jointly develop and produce the frigates for the Australian navy. Bolstering defense industry As part of its military buildup, Japan is pushing to strengthen its largely domestic defense industry by participating in joint development, including a next-generation fighter jet with Britain and Italy, and promoting foreign sales like the Mogami-class ships. In a sign of its commitment and heavy investment Japan has pledged to prioritize the RAN's order over its own naval procurement. The project not only serves to further deepen cooperation between Japan and Australia but also to enhance Japan's warship capabilities, Defense Minister General Nakatani has said. The Japanese Mogami-class design boasts advanced combat systems, anti-submarine and anti-air warfare capabilities, and mine countermeasure operations — all operated by a lean crew of around 90, helping to address ongoing recruitment challenges in the Australian Navy. The vessel's commanding officer, Tamura Masayoshi, said the ship's smaller crew was an aim of the Mogami-class ship. 'The Japanese Maritime Self-Defense Force thought we need stealth, and less people, and a little bit smaller ship,' Masayoshi told the Australian Broadcasting Corporation. Closer military ties The JS Yahagi's visit to Darwin comes amid intensifying strategic cooperation between Canberra and Tokyo, both of which have emphasized the importance of maritime safety and security of sea lanes. The frigate's arrival is also seen as a gesture of Japan's growing role in regional security and its desire to align more closely with key partners like Australia. In September 2024, Australia and Japan agreed to increase joint military training exercises to address shared concerns of China's incursions into Japanese airspace and territorial waters. Two months later, defense ministers from Australia, Japan and the U.S. held tripartite talks in Darwin to reaffirm their commitment to strengthening security ties and planning for joint military operations in northern Australia. —— Mari Yamaguchi in Tokyo contributed.
Hamilton Spectator
an hour ago
- Hamilton Spectator
Japanese frigate arrives in Australia as Tokyo bids for defense deal
NEWCASTLE, Australia (AP) — A state-of-the-art Japanese warship has arrived in Australia as part of a high-stakes campaign to secure a $6.5 billion contract to build the country's next fleet of general-purpose frigates. The JS Yahagi, a Mogami-class stealth frigate from Japan's Maritime Self-Defense Force, is docked in Darwin in Australia's Northern Territory in what appears a symbolic and strategic move aimed at strengthening defense ties with Australia and showcasing Japanese naval technology. Japan's bid, led by Mitsubishi Heavy Industries, was short-listed in November for the Royal Australian Navy's SEA 3000 frigate project and is competing against Germany's MEKO A-200 offered by Thyssenkrupp Marine Systems. The Australian Government is expected to select a preferred design later this year, with construction for 11 new vessels slated to begin the following year. Japan would jointly develop and produce the frigates for the Australian navy. Bolstering defense industry As part of its military buildup, Japan is pushing to strengthen its largely domestic defense industry by participating in joint development, including a next-generation fighter jet with Britain and Italy, and promoting foreign sales like the Mogami-class ships. In a sign of its commitment and heavy investment Japan has pledged to prioritize the RAN's order over its own naval procurement. The project not only serves to further deepen cooperation between Japan and Australia but also to enhance Japan's warship capabilities, Defense Minister General Nakatani has said. The Japanese Mogami-class design boasts advanced combat systems, anti-submarine and anti-air warfare capabilities, and mine countermeasure operations — all operated by a lean crew of around 90, helping to address ongoing recruitment challenges in the Australian Navy. The vessel's commanding officer, Tamura Masayoshi, said the ship's smaller crew was an aim of the Mogami-class ship. 'The Japanese Maritime Self-Defense Force thought we need stealth, and less people, and a little bit smaller ship,' Masayoshi told the Australian Broadcasting Corporation. Closer military ties The JS Yahagi's visit to Darwin comes amid intensifying strategic cooperation between Canberra and Tokyo, both of which have emphasized the importance of maritime safety and security of sea lanes. The frigate's arrival is also seen as a gesture of Japan's growing role in regional security and its desire to align more closely with key partners like Australia. In September 2024, Australia and Japan agreed to increase joint military training exercises to address shared concerns of China's incursions into Japanese airspace and territorial waters. Two months later, defense ministers from Australia, Japan and the U.S. held tripartite talks in Darwin to reaffirm their commitment to strengthening security ties and planning for joint military operations in northern Australia. Japanese marine units are also now included in annual training rotations of U.S. Marines in Darwin. —— Mari Yamaguchi in Tokyo contributed. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Russia skirts Western sanctions to ramp up its military footprint in Africa
DAKAR, Senegal (AP) — Even as it pounds Ukraine, Russia is expanding its military footprint in Africa, delivering sophisticated weaponry to sub-Saharan conflict zones where a Kremlin-controlled armed force is on the rise. Skirting sanctions imposed by Western nations, Moscow is using cargo ships to send tanks, armored vehicles, artillery and other high-value equipment to West Africa, The Associated Press has found. Relying on satellite imagery and radio signals, AP tracked a convoy of Russian-flagged cargo ships as they made a nearly one-month journey from the Baltic Sea. The ships carried howitzers, radio jamming equipment and other military hardware, according to military officials in Europe who closely monitored them. The deliveries could strengthen Russia's fledgling Africa Corps as Moscow competes with the United States, Europe and China for greater influence across the continent. The two-year-old Africa Corps, which has links to a covert branch of Russia's army, is ascendant at a time when U.S. and European troops have been withdrawing from the region, forced out by sub-Saharan nations turning to Russia for security. Mali, Burkina Faso and Niger have been battling fighters linked with al-Qaida and the Islamic State group for more than a decade. At first, mercenary groups with an arms-length relationship to the Kremlin entered the fray in Africa. But increasingly, Russia is deploying its military might, and intelligence services, more directly. 'We intend to expand our cooperation with African countries in all spheres, with an emphasis on economic cooperation and investments,' Kremlin spokesman Dmitry Peskov said. 'This cooperation includes sensitive areas linked to defense and security.' From the ports, Russian weapons are trucked to Mali Russia's 8,800-ton Baltic Leader and 5,800-ton Patria are among hundreds of ships that Western nations have sanctioned to choke off resources for Russia's war in Ukraine. The ships docked and unloaded in Conakry, Guinea, in late May, AP satellite images showed. Other ships made deliveries to the same port in January. They delivered tanks, armored vehicles and other hardware that was then trucked overland to neighboring Mali, according to European military officials and a Malian blogger's video of the long convoy. The military officials spoke to AP about Russian operations on condition of anonymity. The AP verified the blogger's video, geolocating it to the RN5 highway leading into Bamako, the Malian capital. After the latest delivery in Conakry, trucks carrying Russian-made armored vehicles, howitzers and other equipment were again spotted on the overland route to Mali. Malian broadcaster ORTM confirmed that the West African nation's army took delivery of new military equipment. AP analysis of its video and images filmed by the Malian blogger in the same spot as the January delivery identified a broad array of Russian-made hardware, including 152 mm artillery guns and other smaller canons. AP also identified a wheeled, BTR-80 armored troop carrier with radio-jamming equipment, as well as Spartak armored vehicles and other armored carriers, some mounted with guns. The shipment also included at least two semi-inflatable small boats, one with a Russian flag painted on its hull, as well as tanker trucks, some marked 'inflammable' in Russian on their sides. The military officials who spoke to AP said they believe Russia has earmarked the most potent equipment — notably the artillery and jamming equipment — for its Africa Corps, not Malian armed forces. Africa Corps appears to have been given air power, too, with satellites spotting at least one Su-24 fighter-bomber at a Bamako air base in recent months. Moscow's notorious secret unit For years, French forces supported counterinsurgency operations in Mali and neighboring Burkina Faso and Niger. But France pulled out its troops after coups in Mali in 2020 and 2021, in Burkina Faso in 2022 and Niger in 2023. Russian mercenaries stepped into the vacuum. Wagner Group, the most notable, deployed to Sudan in 2017 and expanded to other African countries, often in exchange for mining concessions. It earned a reputation for brutality, accused by Western countries and U.N. experts of human rights abuses, including in Central African Republic, Libya and Mali. Of 33 African countries in which Russian military contractors were active, the majority were Wagner-controlled, according to U.S. government-sponsored research by RAND. But after Wagner forces mutinied in Russia in 2023 and their leader, Yevgeny Prigozhin, was killed two months later in a suspicious plane crash, Moscow tightened its grip. Russian military operations in Africa were restructured, with the Kremlin taking greater control through Africa Corps. It is overseen by the commander of Unit 29155, one of the most notorious branches of Russia's shadowy GRU military intelligence service, according to the European Union. Unit 29155 has been accused of covertly attacking Western interests for years, including through sabotage and assassination attempts. The EU in December targeted Unit 29155 Maj. Gen. Andrey Averyanov with sanctions, alleging that he is in charge of Africa Corps operations. 'In many African countries, Russian forces provide security to military juntas that have overthrown legitimate democratic governments, gravely worsening the stability, security and democracy of the countries,' the EU sanctions ruling said. These operations are financed by exploiting the continent's natural resources, the ruling added. The Russian Ministry of Defense didn't immediately respond to questions about Averyanov's role in Africa Corps. Africa Corps recruitment Researchers and military officials say the flow of weapons from Russia appears to be speeding Africa Corps' ascendancy over Wagner, helping it win over mercenaries that have remained loyal to the group. Africa Corps is also is recruiting in Russia, offering payments of up to 2.1 million rubles ($26,500), and even plots of land, for signing a contract with the Ministry of Defense, plus more on deployment. Within days of the latest equipment delivery, Wagner announced its withdrawal from Mali, declaring 'mission accomplished" in a Telegram post. Africa Corps said in a separate post that it would remain. The changeover from Wagner to Africa Corps in Mali could be a forerunner for other similar transitions elsewhere on the continent, said Julia Stanyard, a researcher of Russian mercenary activity in Africa. 'Bringing in this sort of brand-new sophisticated weaponry, and new armored vehicles and that sort of thing, is quite a bit of a shift,' said Stanyard, of the Switzerland-based Global Initiative Against Transnational Organized Crime. Armed groups in Mali have inflicted heavy losses on Malian troops and Russian mercenaries. The al-Qaida linked group JNIM killed dozens of soldiers in an attack this month on a military base. Insurgents also killed dozens of Wagner mercenaries in northern Mali last July. Some of the latest hardware could have been shipped over specifically in response to such attacks, military officials said. They said the jamming equipment, for example, could help defend against booby traps detonated using phone signals. Russian escort's red flags The latest convoy attracted attention because a Russian Navy warship, the Boykiy, escorted the ships after they set off in April from Russia's Kaliningrad region on the Baltic. Last October, in what's considered a hostile act, the Boykiy's radar systems locked onto a French Navy maritime surveillance plane on patrol against suspected Russian efforts to sabotage underwater cables, according to military officials. The convoy included a third sanctioned Russian cargo ship, the Siyanie Severa. It continued onward as Baltic Leader and Patria unloaded in Conakry, docking in Bata, Equatorial Guinea. Satellite imagery from May 29 shows trucks lined up on the dock as the ship unloaded. The AP could not verify whether the cargo included weapons or the ultimate destination for the shipment, though Wagner has maintained a strong presence in the nearby Central African Republic.
