Chocolate price increase?
Due to current conflict on the Ivory Coast, the cost of cocoa has greatly increased recently. Cocoa trading is a huge industry for the Ivory Coast around the world. In New York trading, prices have dramatically gone up by 11%. The Ivory Coast is divided North and South and has been in war for 2 years by rebels. If this keeps up, the US could be greatly effected and the price of chocolate will soar. Would you still buy chocolate if it was twice as much? I know that some people would believe it was still worth it, but it seems like the prices would detur many consumers.