Chocoholics beware! The price of your go to treat is on the rise.
It’s bitter news and just in time for Halloween and the upcoming holiday season, chocolate prices are on the rise.
Why such an increase in price? Well, chocolate is made up of cocoa and the price of cocoa has been going up in international markets. Dark chocolate, which uses more cocoa, has, in particular, affected this increase.
The price of Cocoa butter, for example, stands at a four-year-high, having risen by about 70 percent over the past 12 months, according to CNN.
But don’t expect a drastic rise when you next visit the grocery store.
Manufacturers don’t want to scare away their beloved chocolate lovers.
A director for the International Cocoa organization says the industry will either increase the price, or reduce the size of their products.