Chocolate Prices Rise Despite Cocoa Cost Drop

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Cocoa prices went down a lot since last Valentine's Day. Still, chocolate boxes are not cheaper for people to buy.

Bad weather in West Africa first made cocoa prices double. Now, good weather and more supply are making cocoa prices drop.

Chocolate companies bought cocoa when it was much more expensive. They have old contracts, so they still pay those higher prices.

People bought less chocolate because it became too expensive. Some companies cut prices in Europe to sell more products.

Shoppers are now buying more very cheap chocolate brands. They also choose some more expensive, fancy chocolates sometimes.

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Why did cocoa prices go down?

Good weather and more supply are making cocoa prices drop.

Why are chocolate boxes not cheaper for people?

Chocolate companies have old contracts and still pay higher prices for cocoa.

What are shoppers buying more of now?

Shoppers are buying more very cheap chocolate brands.

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