[HIGHLIGHTS] Cocoa prices at a record high: is chocolate now becoming more expensive?

Cocoa prices at a record high: is chocolate now becoming more expensive?. Inflation and climate change are driving up cocoa prices.

Chocolate lovers have to be prepared for higher costs. Companies express caution – “use every tool” “Given the current state of cocoa prices, we will use every tool in our toolbox, including pricing, to manage the business,” said Michele Buck, CEO of US company Hershey (KitKat and M&Ms), in February.