Bad news for chocolate lovers on Valentine's Day

|By:, SA News Editor

Cocoa prices continue to march higher as demand in emerging markets starts to strain global capacity.

A new forecast from the International Cocoa Organization on production suggest prices could be elevated for years.

Chocolate sellers will pass on some of their commodity costs to consumers, but face a tough pricing environment in many regions.

What to watch: Companies can use substitutes for cocoa butter, but in many cases will have to relabel products and face the risk of tarnishing their brands.

Chart: Cocoa futures

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