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Bad News For Chocolate Lovers

Bad News For Chocolate Lovers
Chocolate lovers are about to get some bitter news -- a spike in prices.

Higher demand and bad weather are causing the price of ingredients to climb, and that'll make what you pay for a chocolate bar go up, especially the good stuff.

People in India are eating more chocolate, bad weather for cocoa crops has hit the Ivory Coast, Ghana and Indonesia, and the price of cocoa butter is at a four-year high -- it's up 70 percent in the past year.

If you like the higher-quality dark chocolate, the prices are going up even more.

That's because dark chocolate is usually made by smaller manufacturers who have a harder time absorbing higher costs.

--Rob Archer
 

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