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Unfortunate big price increase on Belcolade Chocolate as of January 22nd.
Message from manufacturer:
The main drivers for the increase on cocoa/chocolate are the bad start of the Ivorian crop, speculators maintaining long positions, and a projected cocoa deficit linked to concerns over heavy rains affecting the quality of West-African crops. This has led to large and unprecedented increases in cocoa prices over the past 6-12 months and there seems to be no respite from the challenges as we approach 2024.