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Valentine's chocolate gets cheaper as global cocoa supply swells
Output gains push cocoa futures to the lowest since 2008, cutting costs for confection makers
Add BT as a preferred sourcePublished Mon, Feb 13, 2017 · 09:50 PM
New York
BUYING your sweetheart a box of Valentine's Day chocolates could be cheaper this year thanks to booming cocoa supplies.
Growers are collecting bigger harvests in Latin America and in West Africa, which accounts for about 70 per cent of global production. The output gains have pushed cocoa futures to the lowest since 2008, cutting costs for companies including Mondelez International Inc, the maker of Cadbury chocolates and Oreo cookies.
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