Chocolate prices soar as cost of cocoa rises 25%
by Jonathan Barrett Senior business reporter from World news | The Guardian on (#6D7X7)
World heads into a potential third year of supply deficit as major growing regions inundated by flooding
In bad news for chocolate lovers, confectionery makers are increasing prices as cocoa beans trade at near decade highs with no respite on the horizon.
Food companies have been grappling with rising costs for the main chocolate ingredient, with cocoa prices up more than 25% in a year amid wide-spread flooding in some of the world's main growing regions.
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