this post was submitted on 13 Feb 2024
31 points (94.3% liked)

Economics

433 readers
117 users here now

founded 1 year ago
31
Cocoa prices spiked to an all-time high right before Valentine's Day (www.kpbs.org)
submitted 8 months ago by [email protected] to c/[email protected]
6 comments fedilink hide all child comments
 

As Valentine's Day approaches, the price of cocoa has never been higher.

The cost of the key ingredient in chocolate has been grinding upward for over two years. In the past year, it has more than doubled. This month, it broke the all-time record from 1977, the year before Hershey introduced Reese's Pieces.

top 6 comments
sorted by: hot top controversial new old
[–] [email protected] 10 points 8 months ago (1 children)

Food price gouging continues.

[–] [email protected] 1 points 8 months ago (1 children)

Cocoa isn't exactly a staple food. If the price bothers you it's pretty easy to do without. That's not the same for other types of food that have seen price increases.

[–] [email protected] 14 points 8 months ago* (last edited 8 months ago) (1 children)

I'm cuckoo for Cocoa Puffs, so it is kind of a big deal.

[–] [email protected] 1 points 8 months ago

Yeah, chocoholism is a real disease and those who suffer from it shouldn't have to take this sort of abuse!

[–] [email protected] 4 points 8 months ago

That might explain why the Reese's hearts have gotten comically small. They're like 3.5 cm long. It got hit hard by the Shrinkflation Ray®.

[–] [email protected] 3 points 8 months ago

And pretty surely zero extra going to the farmers