Cocoa and vanilla are two of the most expensive raw materials used in chocolate making, and their supply chains tell a remarkably similar story. Cocoa - Côte d’Ivoire and Ghana together supply around 60% of global cocoa, and the 2023/24 season showed just how exposed the sector becomes when so much volume depends on so few origins. Unusually heavy rains, persistent disease pressure and other factors led to a ~30% drop in production volumes coming out of these two origins. T