Ebola Could Increase the Cost of Halloween Chocolate

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Ebola Could Increase the Cost of Halloween Chocolate
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Ebola Could Increase the Cost of Halloween Chocolate

Read on to learn about how the Ebola outbreak could increase the price of chocolate.

It's important to note that you cannot get Ebola from chocolate, but the prices have risen due to the fear that the disease will spread to Ghana and the Ivory Coast, where much of the world's cocoa supply originates.

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"The price made the move to three-year highs in response to the Ebola crisis, on fears that it could spread into Ivory Coast and Ghana," Jack Scoville, a senior marketing analyst at Price Futures Group, told NPR.

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If cocoa farmers in Ghana and the Ivory Coast fear the spread of Ebola, they could leave the crops unpicked.

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NPR also points out that many of the workers who harvest the cocoa crop come from Liberia and Guinea, but they cannot cross the border to work. Picking season begins in October.

Image Credit: Getty Images

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While the primary focus of the Ebola outbreak is to contain the disease and prevent its spread, there are also some unexpected economic effects of the epidemic. More than half of the world's cocoa supply comes from Ghana and the Ivory Coast, and both places happen to be next door to Liberia and Guinea, where the crisis is not yet under control. Even though the Ivory Coast and Ghana are currently free from Ebola, the fear of it spreading has already caused the price of chocolate to rise by several cents.

Check out the slideshow above to learn how the Ebola outbreak could increase the prices of Halloween chocolate.

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