{"id":105888,"date":"2024-03-18T06:59:13","date_gmt":"2024-03-18T10:59:13","guid":{"rendered":"https:\/\/dessertmenus.com\/?p=105888"},"modified":"2024-03-18T06:59:16","modified_gmt":"2024-03-18T10:59:16","slug":"chocolate-pricing-crisis","status":"publish","type":"post","link":"https:\/\/dessertmenus.com\/chocolate-pricing-crisis\/","title":{"rendered":"A Chocolate Meltdown Is Happening As Cocoa Prices Soar"},"content":{"rendered":"\n
Have you noticed pricing increases on your favorite chocolates? <\/span>Or the size of your bars is smaller than you remember. The upward trajectory of cocoa prices <\/span>is steep and not currently showing a sign of slowing down.
The demand for chocolate far exceeds the available cocoa supply, resulting in a significant surge in cocoa prices. This surge is poised to impact chocolate lovers worldwide, as supermarkets’ cost of their favorite treats is set to rise.<\/p>\n\n\n\nCocoa Prices Reach Record Highs<\/h2>\n\n\n\n
Recently, benchmark cocoa futures<\/a> hit an all-time high of $8,093 per metric ton on March 15, 2024, marking a 25% increase within a week and a staggering 215% surge compared to the previous year.
As of the morning of March 18, 2024, it is still continuing an upward trend with a price of $8,278.<\/p>\n\n\n\n