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Chocolate lovers feel the price pinch this Valentine's Day
Another cocoa harvest in West Africa has come up short, leading to the worst deficit in decades. That means higher prices for chocolate makers and for shoppers.
Chocolate prices are up 20% this Valentine’s Day as cocoa prices hit record
It will be harder to find deals on chocolate this Valentine’s Day due to years of bad growing conditions in the key cocoa-producing region of West Africa.
Belgian chocolate masters brace for Valentine’s amid soaring cocoa prices
Big brands can negotiate prices even two years in advance,” said Grimonpon. “We can’t do that - we don’t have the volume or the market power to secure better deals.”
Chocolate prices soar this Valentine’s Day due to cocoa cost hike
This Valentine’s Day expect prices for chocolate treats to increase around 10-20% over last year as the price of cocoa has more than doubled since the beginning of 2024,” said David Branch, sector manager at Wells Fargo Agri-Food Institute.
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Cocoa production in Africa is under extreme climate pressure
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