Bitter truth: Why has chocolate become so expensive? | Food News

Cocoa prices surged almost 300 percent last year, making chocolate bars, easter eggs and cocoa powder much more expensive this year than last.

In the US, retail chocolate prices were one-fifth higher this Valentine’s Day compared with last year, according to Wells Fargo Bank. The price of a king-size US-sold Reese’s Hearts chocolate bar was 13 percent higher in February 2024 than in the same month the year before.

In the United Kingdom, meanwhile, a Twix white chocolate Easter egg rose…