Summary
Chocolate prices are rising, making Halloween candy more expensive. The higher costs are due to cocoa shortages, leading to smaller chocolate packages and increased popularity of non-chocolate candies.
Key Facts
- Chocolate prices are rising due to cocoa shortages.
- Cocoa prices have almost doubled since the beginning of last year.
- Cocoa supply issues are partly due to bad weather and plant diseases in West Africa.
- Major chocolate brands have increased their prices.
- Some brands are using more fillers, like nuts, to keep costs down.
- Non-chocolate candy sales have been growing faster than chocolate sales.
- Halloween spending is expected to be high, despite increased candy prices.
