AFTER last year’s historic rally, cocoa prices are heading for a record annual slump. But there’s no sign the cost of your candies, bars or chocolate Santas will follow any time soon.
Cocoa futures almost tripled last year, inflicting pain on manufacturers, who in turn hiked chocolate prices.
They’re still working through beans they bought at the top of the rally. They’ve also made recipe changes that are not easy to reverse.
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