chocolate crisis

The chocolate industry looks a bit hairy in the run-up to Easter — a particularly choc-heavy holiday. What Happened: Cocoa broke through a milestone, pushing for the first time through the $10,000 per metric ton level. That means, in just 50 days, the price of cocoa has doubled. Candy producer...

After hitting a fresh record high on Monday, cocoa prices have slumped 13% — a sharp fall in just three days. But experts say the market remains in critical short supply, which is why Valentine’s Day chocolates were so expensive. Meanwhile, hedge funds continue to build up long positions....