Price of Chocolate to go up!
How much we pay for our favourite chocolate treats is likely to rise this month because of a new Chocolate Cartel.
Two of the worlds largest producers of cocoa, the Ivory Coast and neighbouring Ghana, who between them produce 60 percent of the world’s cocoa harvest have decided to join together to form a chocolate cartel in order to get better prices for their goods. This will inevitably mean that the cost of cocoa, the main ingredient in all chocolate will rise.
It is expected that the extra cost of buying and importing cocoa from these two countries will lead to sharp increases in the cost of chocolate bars around the world with some analysts expecting rises of between 5 and 16 percent.