Craving for a chocolate fix? Prepare to pay more

M_Id_419468_ChocolateChocoholics may have to dig deeper to pay for their favorite treat this festive season as sweet makers face sky-high prices for cocoa butter, the special ingredient that gives chocolate its melt-in-the-mouth texture.

Increased demand from Asia’s expanding middle class and a turnaround in sales in big consuming countries have seen butter prices nearly double to more than $7,000 a tonne from $4,000 a tonne six months ago.

“With the festive season just around the corner, the price of (cocoa butter) will rise even further and surely hit the bottom line of chocolate makers,” he said.

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