Chocolate prices on the rise

Posted at: 09/27/2013 6:49 AM

If you're a chocolate lover, you may be forking out more money in the future to satisfy your taste buds.
Chocolate consumption is expected to go up for the first time in five years -- especially dark chocolate due to recent claims that it contains healthy benefits. However, there may soon be a shortage of the cocoa beans which are ground and roasted to produce chocolate treats.
A dry season in West Africa, where 70-percent of the world's cocoa beans are grown, is expected to hurt the fall harvest. Dark chocolate often requires more cocoa beans per ounce than milk chocolate.
In the U.S. alone, the cost of one kilogram of chocolate is expected to hit more than $12 this year. That’s a 45-percent increase from 2007.