GENEVA — A shortage of cocoa has led to higher prices for chocolate, at a time when emerging-market demand is rising fast.
Chocolaterie Pascoët, a small “laboratoire,” or factory, in the Carouge district here, was a hive of activity on a recent morning. The team was scrambling to fill the last orders for Christmas.
A handful of chocolatiers quietly turned out fine pralines. Others carefully packaged the morning’s output: fine Swiss chocolates that would be sold at a premium price: 29 Swiss francs, or $32, for a box of 20.
Because of poor yields lately in producer countries like Ivory Coast, and a trend toward chocolate with a higher cocoa content, the global supply of cocoa has not kept up with demand. Chocolate prices in some markets are 40 percent or more higher than this time last year. Full story for BostonGlobe.com subscribers.