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Better Than Gold: How Ecuador Cashed In On Surging Cocoa Prices

Than Gold
International Business Times Fews App News Provider
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An aerial view of a worker spreading cocoa beans to dry in Guayaquil, Ecuador, on May 20, 2025 AFP In Ecuador, farmers who bet on cocoa beans rather than bananas, the country's top agricultural export, are cashing in as a global shortage of the main ingredient in chocolate feeds a price bonanza. Cocoa is now a billion-dollar business in the Andean country, rivalling gold, copper and silver as well as the ubiquitous banana. Near the Pacific port city of Guayaquil, in a region called Milagro (Miracle), 50-year-old farmer Cergio Lema can scarcely believe his luck.

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