Chocolate prices set to remain high this Halloween in the US, report says
October 2025 8 views 1min 26sec: Cocoa costs have more than doubled since early 2024 :: Manufacturers are passing on costs to consumers despite wholesale cocoa prices easing from 2024 peaks :: Wells Fargo's Agri-Food Institute :: Companies are also making portion sizes smaller while maintaining prices, known as 'shrinkflation' :: The price surge stems from severe supply disruptions in West Africa, where 70% of cocoa is produced :: Global cocoa production fell 12.9% year-over-year to 4.8 million US tons in the last crop season :: International Cocoa Organization :: That created the largest supply deficit in over 60 years :: Recent tariffs on major suppliers of cocoa and cocoa products to the U.S. are adding to the cost :: Analysts suggest shopping for treats with less cocoa content, generic alternatives, and comparing prices
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