Sorry chocolate lovers! The price of chocolate is expected to triple by Christmas due to an increase in the price of their raw materials. With a 70% rise in the price of cocoa butter, 50%  in the price of milk powder, and 15% to whey powder, the cost of producing chocolate has soared by 33%.

The reason to this sudden increase is due to a combination of bad weather and increased demand for the cocoa butter. As a result, people forecast a lower supply, therefore, higher demand for this raw material.

As a fan of chocolates myself, I do not believe it is worth it to buy a snack that will triple its price. Candy stores should devise of a strategy to lure customers in continuing to purchase the sweet glory. Owners should also research on the current inventory turnover ratio of chocolates in their stores, and consider stocking up on the snack, since chocolates do not expire quickly anyways. By purchasing more chocolates to save up and sell in the future, owners avoid the chance to pay triple the price for their chocolates later.