Easter Egg Price Hikes Are Just the Start as Cocoa Soars.

As Easter approaches, higher cocoa prices are leading to increased costs for chocolate eggs and bunnies. However, this is just the beginning, as cocoa prices have more than doubled this year, making it the hottest commodity globally. The surge in prices is due to disappointing harvests in Ivory Coast and Ghana, the main cocoa producers. Smallholder farmers in the industry have faced poor returns and climate change, contributing to the price increase. Consumers are already experiencing higher prices and "shrinkflation" in the UK and Brazil, and the trend is expected to continue. [Extracted from the article]