Milagro, Ecuador, June 24, 2025 (AFP) - Better than gold: how Ecuador cashed in on surging cocoa prices

NAMPA / AFP

2025-06-24

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......

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