Hard news for chocolate lovers – which is the consumer advocacy broadcast? He says Easter eggs are more expensive up to 50% this year.
Although most of the seasonal treats are really shrinking.
Chocolate prices Rose by a 16.4 % mammoth Last year, they add an average increase of 4.4% among other supermarket foods and beverages.
For this reason, we talked to the former Vice President of International Commerce in Barclays and the current founder of the personal finance platform. Generation moneyAlex King and Mark Owen, Chocolatier in Pembrokeshire -based chocolate factory Bad Galli Chocolatereally about what’s going on.
It depends on partially growing conditions
Mark said, “Easter egg prices are not a significant higher and unfortunately not only a retailers – the entire chocolate industry feels the effect of a global cocoa crisis, Mark said Mark.
“Cocoa prices have increased more than twice since 2023, and we are still paying more than twice that we were still two years ago.”
Alex said that cocoa prices have increased in 2024 to record the summits after three bad harvesting for cocoa manufacturers on the Ivory Coast and Ghana, the world’s two largest cocoa -producing country.
“Cocoa has a direct impact on the price of Easter eggs this year, as it was clearly an important component in chocolate production.”
Trade specialist, milk costs increased by 18%, he added.
And as if this was not enough, at the beginning of 2024, we saw that the protection funds were poured into the cocoa market with bets that the price of cocoa will continue to rise for 2024.
“Although this risk protection funds are not the main driving force of increasing prices, they have already helped to increase by increasing the prices further.”
Oh beautiful. Anything else?
Yes, unfortunately. Alex says that energy and transportation costs are also increasing, affecting the supply chain and retailers through extension.
“Another factor that hits supermarket prices more generally in the UK is the increase in national insurance just before Easter in April,” he says.
“Retailers will have started to increase prices to meet the extra cost, so this is another reason why we see higher prices, not just in Easter eggs.”
Worse News: Mark told HuffPost UK that he did not expect the problem to go soon.
“Global stocks are at the lowest level of all time and in the coming months, as the buffer harvest is not unexpected, the supply remains incredibly tight,” he shared.
“The truth is that chocolate manufacturers of all sizes are bored. As a small, independent factory, we had to suck as much as possible, but there is no more expensive Easter eggs this year than ever before.”
Here is a little easier to 2026 in our wallets …
