Cocoa Crisis: Rising Prices Threaten Chocolate Industry

Cocoa Prices Soaring to Record Highs, Leading to More Expensive Chocolate

Cocoa prices have surged to unprecedented levels, more than doubling from a year ago and reaching the highest point since the 1960s. The impact of this surge on chocolate lovers has yet to be fully felt, but that is about to change. With cocoa prices remaining elevated, chocolate makers will soon bear the brunt of this cost hike, with potentially severe consequences.