Why chocolate lovers will pay more this Valentine’s Day than they have in years

Why chocolate lovers will pay more this Valentine’s Day than they have in years

Cocoa prices have reached their highest levels on record, just in time for one of the biggest chocolate-buying holidays of the year: Valentine’s Day. “It’s all on the supply side,” said John Caruso, senior market strategist at RJO Futures, with cocoa up more than 110% year over year. “The chart has gone completely parabolic on a monthly scale” which is to say at the least, “very impressive,” he told MarketWatch. May... Cocoa prices have reached their highest levels on record, …