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The cocoa price has doubled in mere months, but it shouldn’t add much to the price of chocolate: here’s why

Written by Darian McBain, Visiting Professor in Practice, Grantham Research Institute on Climate Change and the Environment;, London School of Economics and Political Science

Since the start of this year, the price for cocoa traded on the futures exchange has doubled, climbing from US$4,275 a tonne to US$9,481 after earlier hitting an all-time high of US$10,274.

So it would be natural to expect the price of chocolate to soar, and to expect cocoa growers to get more.

But, as surprising as it seems, my calculations suggest...

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