KALAMAZOO, Mich. — Global cocoa prices have climbed to nearly $10,000 per metric ton this year, more than triple the typical cost.
Experts attribute the spike to crop disease, climate challenges in West Africa, and tightening supply chains. Market analysts say prices could remain elevated for the rest of 2025.
Companies like Hershey Co. said they also plan to increase their prices on more popular products, according to the Associated Press…