Chocolate prices have tripled. What does that mean for your Easter egg basket?
Cocoa prices have tripled in the last 12 months due to the spread of disease among crops in West Africa, where more than 70 per cent of the global cocoa supply is produced. The resulting cocoa crisis has put pressure on chocolate makers who, during the typically busy Easter holiday, are trying to sustain business — and sweet-toothed customers who are trying to curb spending.
Cocoa prices have tripled in the last 12 months due to the spread of disease among crops in West Africa, where more than 70 per cent of the global cocoa supply is produced. The resulting cocoa crisis has put pressure on chocolate makers who, during the typically busy Easter holiday, are trying to sustain business — and sweet-toothed customers who are trying to curb spending.
