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Better than gold: How Ecuador cashed in on surging cocoa prices

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A cocoa farmer holds cocoa beans in his hand in the village of Bocanda north of Abidjan, Ivory Coast, October 24, 2022. [AFP]

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.

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