Cocoa and powdered chocolate prices in the EU surged by over 16% in May 2025 compared to the previous year, driven by rising cocoa bean prices and increased costs of sugar and energy. The EU relies heavily on cocoa imports, primarily from West Africa, where adverse weather has impacted harvests. Despite recent price drops, cocoa prices remain high, affecting chocolate manufacturers and leading to job losses in the industry. The future outlook for cocoa prices is uncertain due to climate change risks and market volatility.