Chocolate prices may turn you bitter!

Cocoa prices are pricier than ever. That's 'cos you ain't cuttin' back on the chocolate urge, never mind the recession.

Plus, what's happened is that cocoa prices on Tuesday surged to a 23-year high as speculative investors poured into the market amid concerns about dwindling supplies from Ivory Coast, by far the world’s largest producer. Prices for cocoa have risen 70 per cent in the past year, bucking the weakness in overall commodities prices. Add to this, the drop in sterling has helped push London-based, sterling-denominated cocoa futures higher, but analysts maintain that the main factor for climbing prices was low supplies.


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