Ain't so sweet and romantic anymore - Chocolate could get even pricier if cocoa crop continue to flop

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CHOCOLATE risks becoming even more expensive if West Africa’s new cocoa harvest ends in disappointment. If it is not enough that current cocoa crops returns are already not encouraging.

Cocoa prices have soared about 47% in the past year on fears that bad weather and crop disease will hurt output in Ivory Coast and Ghana, which make up two-thirds of world supply. An El Nino weather phenomenon could make matters worse, and analysts expect a third straight global shortage for the new season that’s just starting.