Here’s why you’ll likely pay more for Valentine’s Day chocolates this year - MarketWatch
1. Cocoa prices nearly tripled in 2023, impacting chocolate costs. 2. 91% of Americans plan to buy candy for Valentine's Day. 3. Hershey anticipates higher cocoa costs impacting future pricing strategies. 4. Cocoa production declined by 14% in 2023-2024 season. 5. Retail prices have risen by up to 20% for chocolate products.