Record-setting spike in cocoa prices set to drive up cost of chocolate

Published March 27, 2024 6:00am ET



Cocoa prices have been shattering records as production in Africa suffers — and consumers are set to have to pay much more for chocolate.

Easter, one of the biggest days for chocolate, is fast approaching, and consumers could see some higher prices, but the worst of the cocoa shortage will likely be reflected down the road. Prices have been soaring for months as countries such as Ghana and the Ivory Coast face major problems with production.

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