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To many New Yorkers, the war feels extremely close to home.

Consumers are facing steeper prices for Halloween candy this year after a global shortfall of sugar and cocoa.

A global shortfall of sugar and cocoa due to poor weather conditions has led to steep prices for Halloween candy this year. The El Niño weather phenomenon could worsen the situation. Wholesale cocoa prices have reached a 45-year high, and sugar prices are at their highest in over a decade, increasing the cost of making treats for Christmas. US consumers are expected to spend 9.2% more on sugar and sweets this year. Candy prices have also risen in advanced economies like the UK and Germany.

(Bloomberg) -- Consumers are facing steep prices for Halloween candy this year after a global shortfall of sugar and cocoa.Most Read from BloombergIsrael Latest: War Deepens as Concerns Mount Over Gaza CiviliansPutin Calls Meeting to Discuss Anti-Israel Mob in DagestanIsrael Latest: Biden, Netanyahu Plan to Talk Within HoursIsrael-Hamas War Escalation Puts Qatar’s Clout to the TestHSBC Plans $3 Billion Buyback, CEO Touts Capital StrengthPoor weather from West Africa to India has spurred shortage

US News: A global shortfall of sugar and cocoa due to poor weather conditions has led to steep prices for Halloween candy this year. The El Niño weather phenom