NCA: Manufacturers make chocolate as affordable as possible

10/15/2013 | CNNMoney

Inclement weather in cocoa growing regions and an increasing demand from emerging markets are creating the perfect storm to raise the price of chocolate at the consumer level. But while the price of cocoa butter has risen 70% in the last 12 months, a four-year high, according to Mintec, average retail chocolate prices have only risen 7% in the U.S. "Chocolates are supposed to be an affordable treat. [Manufacturers] do what they can to not increase prices -- but if their costs go up over time, they do have to make some adjustments," said Susan Smith, NCA spokeswoman.

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