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Chocolate Prices Globally Continue to Rise

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Rochester: Chocolate Prices Globally Continue to Rise
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If you're going to enjoy something, why not enjoy it in it's best form?

That's the mantra behind Hedonist Artisan Chocolates in Rochester's South Wedge, but that hand-made, artisan difference is starting to cost small business chocolatiers.

"For one of our main products, the price raised around ten percent."

The Wall Street Journal reports that cocoa prices climbed to an eight-month high this week. West Africa, a big cocoa producer, has suffered dry weather. The crops in the Ivory Coast and Ghana have had minimal rainfall, and a new cacoa tree takes four years to produce beans.

"Over the eight years that we've been here, we've had this threat over and over again. It was political things in the Ivory Coast. Now, outside investors to the chocolate industry are buying up chocolate," said Hedonist Artisan Chocolates owner Jennifer Posey.

When the demand goes up, the investors sell their chocolate shares. Over the years, this has changed the game for a lot of companies.

"Oh yeah, even the Hershey bar."

As the price of chocolate goes up, a lot of bigger manufactures will add sugar to the product to stretch it further.

"They're focusing on their marketing and then their just changing their product."

Hedonist imports their quality chocolate from France and Posey says she will not raise her prices. A continued increase on the cost of cocoa may cost them a lot, but their ingredients won't be one of them.

"That's not what we're about. We want to make the best quality thing and people will come and people have come."

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