Consumer Staples

Cocoa Prices Go Loco

With Halloween coming up next week, some consumers will likely be shocked at the price of candy due to the elevated price of cocoa.  😱

The vital ingredient in chocolate is hitting its highest levels since 1979 as hotter and drier weather patterns stunt this year’s crop. Roughly 75% of global cocoa beans come from the Ivory Coast, Ghana, Cameroon, and Nigeria, where consistent temperatures, high humidity, abundant rain, and nitrogen-rich soil allow it to thrive. 

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