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Rising Cocoa Prices Make Chocolate More Expensive This Valentine's Day
If your loved one is expecting chocolate this Valentine's Day, celebrating it may prove not-so-sweet for your wallet. The price of cocoa—chocolate's main ingredient—has more than doubled in the past year and risen more than 40% in just the past month, hitting all-time highs. 1 Chocolate makers in the U.S., where Americans annually consume about nine-and-a-half pounds of chocolate per person, have swallowed some of the increase. But not all. 2 World Population Review. "Which Country Eats the Most Chocolate in 2024?" U.S. retail chocolate prices increased 10% in 2023, about three times the rate of consumer ... (full story)
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- woody70
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