Christmas chocolates still costly despite falling cocoa prices – here’s why

Cocoa prices jumped a lot last year but are now dropping fast. Still, chocolate prices in stores are not going down anytime soon. Last year, cocoa futures almost tripled, forcing chocolate makers to raise prices. They are still using cocoa bought at those high prices. Some chocolate makers even changed their recipes to cut costs. These changes are not easy to reverse, so prices remain high. Experts say cheaper cocoa may only reach stores in the second half of next year, and it is not guaranteed. Jonathan P ...