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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

Americans are expected to spend about US$1.7 billion on candy for Tuesday's holiday, according to the Washington-based National Retail Federation. That's unchanged from last year's estimate.

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...

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