Cocoa Prices Are Plunging. Why Is Chocolate Still So Expensive?

After last year’s historic rally, cocoa prices are heading for a record annual slump. But there’s no sign the cost of your candies, bars or chocolate Santas will follow any...

By Mumbi Gitau, Harry Black, Marilen Martin, Ilena Peng · Bloomberg Markets

After last year’s historic rally, cocoa prices are heading for a record annual slump. But there’s no sign the cost of your candies, bars or chocolate Santas will follow any time soon.