The global cost of cocoa is rising, resulting in increased prices for chocolate goods. This is particularly noticeable as Easter approaches, a holiday often associated with chocolate treats. Factors contributing to the global rise in cocoa costs include soaring temperatures and damaging weather conditions in West Africa, which produces over 70% of the world’s cocoa supply. Sugar prices are also on the rise. The impact of these increased costs is being felt by businesses big and small, including chocolate sellers in Chicago, with consumers also bearing the brunt.
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