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Halloween Candy is Higher Than Usual…Blame Africa

Cocoa prices have experienced an unprecedented rise, driven by supply shortages primarily from West African farms due to weather challenges and disease affecting cocoa trees. This price surge has led to speculation in the commodities market, further inflating costs. As a result, chocolate manufacturers face significant financial pressure to either absorb these costs, which could affect their margins or to pass them on to consumers. 

The timing of this cocoa price hike, just before the peak season for chocolate consumption, like Halloween, could mean a more expensive or downsized candy experience for consumers.

In response, chocolate companies are innovating with product formulations, potentially introducing fillers or reducing the actual cocoa content in candies to manage costs. Despite these efforts, it's likely that this year's Halloween candy might come with a higher price or in smaller packages than usual. 

This scenario not only affects immediate consumer spending but also underscores the global supply chain's fragility in the face of weather changes and market speculation, potentially setting a new norm for chocolate pricing in the coming years.

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Sam Bennett