The price of chocolate keeps rising. Cocoa futures have roughly doubled this year after surging 61 percent overall last year. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply. As a result, big chocolate companies like Hershey’s are passing those costs […]
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The price of chocolate keeps going up
The price of chocolate keeps rising. Cocoa futures have roughly doubled this year after surging 61 percent overall last year. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply. As a result, big chocolate companies like Hershey’s are passing those costs on to consumers.