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Summary by NBC Boston
Cocoa prices hit record highs in 2024 amid a global supply shortage. Officials at companies like Barry Callebaut, Hershey, Lindt & Sprüngli Group and Mondelez have alluded to the challenge higher cocoa prices put on their chocolate business. Expect to pay about 10% to 20% more for chocolate this Valentine’s Day than last year, one agricultural economist said. Sorry, lovebirds, but that chocolate you’re buying for your sweetie this Valentine’s Da…

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NBC Boston broke the news in Boston, United States on Thursday, February 13, 2025.
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