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The Hidden Toll of Cocoa's Rally: Why Your Chocolate Bar Costs More
Cocoa futures have surged past $10,000 per ton in 2026, and the rally is rewriting the economics of chocolate. In this episode, Lucas and Luna unpack why cocoa prices are at historic highs, from West African supply shocks to the structural shift in how the market prices the bean. They break down the ripple effects: hedging costs for chocolate makers, the rise of 'shrinkflation' in candy aisles, and whether the era of cheap chocolate is over. With data from the latest CPI showing food inflation ticking up, they connect cocoa's trajectory to broader inflation trends and ask what…
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