The price of chocolate and sugar is dropping but consumers likely won’t see the benefit of that until next Easter.
Director of the Agri-Food Analytics Lab at Dalhousie University Sylvain Charlebois says high prices this year are a reflection of prolonged production issues in Ghana and the Ivory Coast – two of world’s largest cocoa exporters.
That resulted in cocoa futures rising as high as U.S. $12,000 a metric tonne, and the chocolate on store shelves today reflect that rise.
While that’s not going to help the Easter Bunny this year, Charlebois says consumers should start seeing a break on prices by next year.
“Now, futures are way, way down, to U.S. $2,500 a metric tonne. It’s a significant drop which is likely going to help us. But not for this Easter, but likely for next Easter.”























