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Cocoa’s biggest annual gain in 15 years is bad news for chocolate consumers around the world. The surge in prices is likely to hit shoppers even harder this year as chocolate makers run out of supplies purchased at lower levels and begin to account for the brunt of the rally.…
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The world's largest chocolate makers have yet to see the full effect of a rally that sent cocoa futures to a 46-year high.
Chocolate prices have already surged 17% in the U.S. over the past 2 years as commodity costs from cocoa to sugar jumped, according a consumer researcher.
Chocolate prices have already surged 17% in the U.S. over the past 2 years as commodity costs from cocoa to sugar jumped, according a consumer researcher.