Adverse weather in key cocoa producing countries could lead to higher price tags at the counter
Monday, October 14, 2013, 8:41 PM -
Chocolate lovers beware! The price of your favourite treat is on the rise.
Rising demand in emerging markets and bad weather in key cocoa producing countries is pushing up the cost of key ingredients.
The price of cocoa butter, for example, stands at a 4-year high, having risen by 70% over the past 12 months.
But don't expect jaw-dropping surprises when you next visit the vending machine or grocery store.
Manufacturers don't want to scare away loyal customers.
A director for the International Cocoa Organization says the industry will either increase the price, reduce the cocoa content or reduce the size of their products.
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