Chocolate prices hit record highs in time for Easter

The video discusses the sharp rise in chocolate prices due to increased cocoa costs, driven by poor growing conditions in Africa. Small chocolate makers like Forte Chocolates face tough decisions to absorb costs or raise prices. Despite a slight dip in consumer spending for Easter, it remains high. The video encourages supporting local chocolatiers to help them survive these challenges.

What is one of the main reasons for the increase in chocolate prices?

• Increased demand for chocolate

• A poor growing season in Africa

• New chocolate-making technology

• Government regulations on chocolate

What decision are small chocolate makers like Forte Chocolates facing?

• Whether to switch to a different product

• Whether to absorb costs or raise prices

• Whether to expand their business

• Whether to collaborate with big companies

How has the price of cocoa futures changed since the beginning of the year?

• They have decreased by half

• They have remained stable

• They have nearly doubled

• They have tripled

What percentage of the world's cocoa is produced in Africa?

• 50%

• 60%

• 70%

• 80%

What is the significance of the $1000 per ton price of cocoa?

• It is the highest price ever recorded

• It is cheaper than copper

• It is the average price over the last decade

• It is the lowest price in recent years