"A streak of poor crop seasons has reduced the supply of the key ingredient in chocolate bars, driving up the price for chocolate and confectionery manufacturing from cocoa by 45 percent from January through September, according to the producer price index."
"The high cocoa prices stem from volatile weather conditions in the world's top cocoa-producing regions, particularly the Ivory Coast and Ghana, where a heavy rainy season caused disease to hit last year's crops."
"The number of chocolate candy units sold over the same period dropped almost 5%, indicating that faced with costly chocolate, people are cutting back on M&Ms and Hershey's bars."
"Chocolate manufacturers will likely feel the pain for some time, which means chocolate candy prices will also stay high for a while."
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