Bulgaria: Prices of cocoa and sugar have reached their highest level for the last 10 years

This year, chocolate bars will be about 10-15% more expensive. Such are the analyzes of the major chocolate manufacturers. With this successive increase, the balance is that we will pay 50% more for cocoa and 25% more for sugar. "Everyone's favorite chocolate is made from sugar and cocoa, both raw materials are exchange-traded commodities, so we actively monitor their prices. But for both, the news is not optimistic because both cocoa and sugar have reached their highest levels for the last 10 years In cocoa, this is primarily due to the very heavy rains in West Africa which lead to the so-called black pod disease, where the rain spreads a fungal disease throughout the cocoa trees and this leads to a decrease in both the quantity and and the quality of the cocoa," said international market analyst Dimitar Georgiev in the "Bulgaria morning" studio. According to him, Ivory Coast, which is the largest producer of cocoa in the world, expects a drastic reduction in cocoa. "The ...