Halloween candy prices look frightening due to cocoa concerns
Monday, October 14th 2024, 5:30:00 pm
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Trick-or-treaters, beware this Halloween, even candy is not excluded from inflation trends this spooky season. Cocoa production (CC=F) has dropped over 14% year-over-year while prices have risen nearly 120% in that time, putting pressure on everybody's favorite candy bar makers. Yahoo Finance senior reporter Brooke DiPalma details how candy companies are reacting to these cocoa headwinds to offset these cocoa headwinds. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
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