After wholesale cocoa prices surged past their 46-year-old peak, reaching a record high, chocolate prices are poised to increase, prompting what could be a crisis-like phenomenon for the grocery staple. In an analysis by Bloomberg’s Javier Blas, he noted a seismic industry shift is underway as prices soar to unprecedented levels, driven by a perfect … Continue reading Chocolate Crisis: Cocoa Prices Hit Record Highs as Supply Shortages Intensify