Easter eggs are costing up to 140 per cent more this year because of the soaring price of chocolate.
On average, buyers must shell out 21 per cent more for treats compared with last year, but price rises for some popular brands are much higher.
A 324g Galaxy Minstrels Egg is up from £2.50 to £6 – a 140 per cent increase – while Cadbury’s Twirl and Dairy Milk eggs have risen from £3.35 to £5.50, a 64 per cent hike.
A Galaxy All Block Collection Egg, comprising a hollow egg and three chocolate bars, costs £10 – £1.26 more than last year.
More from the source: Easter eggs cost up to 140 per cent more this year, thanks to the soaring price of chocolate | Mail Online
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Now connect it to this:
In a stroke, a hedge fund manager here named Anthony Ward has all but cornered the market in cocoa. By one estimate, he has bought enough to make more than five billion chocolate bars.
Chocolate lovers here are crying into their Cadbury wrappers — and rival traders are crying foul, saying Mr. Ward is stockpiling cocoa in a bid to drive up already high prices so he can sell later at a big profit. His activities have helped drive cocoa prices on the London market to a 30-year high.
More from the source: http://www.nytimes.com/2010/07/25/bu...chocolate.html
Dirty spekulation at its best...
On average, buyers must shell out 21 per cent more for treats compared with last year, but price rises for some popular brands are much higher.
A 324g Galaxy Minstrels Egg is up from £2.50 to £6 – a 140 per cent increase – while Cadbury’s Twirl and Dairy Milk eggs have risen from £3.35 to £5.50, a 64 per cent hike.
A Galaxy All Block Collection Egg, comprising a hollow egg and three chocolate bars, costs £10 – £1.26 more than last year.
More from the source: Easter eggs cost up to 140 per cent more this year, thanks to the soaring price of chocolate | Mail Online
-------
Now connect it to this:
In a stroke, a hedge fund manager here named Anthony Ward has all but cornered the market in cocoa. By one estimate, he has bought enough to make more than five billion chocolate bars.
Chocolate lovers here are crying into their Cadbury wrappers — and rival traders are crying foul, saying Mr. Ward is stockpiling cocoa in a bid to drive up already high prices so he can sell later at a big profit. His activities have helped drive cocoa prices on the London market to a 30-year high.
More from the source: http://www.nytimes.com/2010/07/25/bu...chocolate.html
Dirty spekulation at its best...
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