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Why you’re seeing scary-high chocolate candy prices this Halloween

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Why you’re seeing scary-high chocolate candy prices this Halloween

Hershey Co. is introducing more non-chocolate candies to its lineup as costly chocolate candy curbs the company’s sales revenue.

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Chris O’Meara/AP

As cocoa prices continue to spike, shoppers see the jump-scare prices for chocolate candy at the grocery store this Halloween season.

A streak of poor crop seasons has reduced the supply of the key ingredient in chocolate bars, driving up the price for chocolate and confectionery manufacturing from cocoa by 45 percent from January through September, according to the producer price index.

Chocolate manufacturers pass off the high costs to consumers, scaring shoppers off KitKats and M&Ms.

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In the past year, dollar sales for chocolate candies rose 1.5%, driven by inflation and rising shelf prices, according to a report this month from the National Confectioners Association. But, faced with costly chocolate, people are cutting back on M&Ms and Hershey’s bars: The number of chocolate candy units sold over the same period dropped almost 5%.

Why the high chocolate prices?

The cost of cocoa hit a 47-year-record high in February but has been increasing for more than a year.

The high cocoa prices stem from volatile weather conditions in the world’s top cocoa-producing regions, particularly the Ivory Coast and Ghana.

A heavy rainy season caused disease to hit last year’s crops in West Africa. Warm, dry temperatures and El Niño winds damaged this year’s harvest.

According to a recent report from the Wells Fargo Agri-Food Institute, next year will mark the third consecutive year with failed cocoa harvests.

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As a potential future-proofing measure, farmers have increased cocoa tree plantings in the African region and South American countries, where orchards have been more productive. However, cocoa trees take at least a few years to produce.

Chocolate makers expand their palates

Chocolate manufacturers will likely feel the pain for some time, which means chocolate candy prices will also stay high for a while.

“As we extend into Christmas, it’s looking pretty rough for chocolate manufacturers when it comes to those cocoa prices,” said Billy Roberts, a senior economist for food and beverage at CoBank’s Knowledge Exchange research division.

Barring a dramatic turnaround in the chocolate market, he said it’s tough to see things turning around in time for Valentine’s Day.

Dan Sadler, principal of client insights at Circana, told Reuters that consumers are cutting back when faced with costly chocolate.

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“Chocolate candy, there’s just not as many items per retailer on shelf,” he said. “We’re seeing double-digit increases in non-chocolate items.”

After months of disappointing chocolate sales, chocolate candy manufacturers have begun diversifying their offerings, expanding their selection of sweeter, gummy and sour treats.

Pennsylvania-based company Hershey, for example, recently introduced Jolly Rancher Ropes and Shaq-a-Licious gummies, inspired by the retired basketball star, with plans to roll out more non-chocolate sweets in the coming months.

Lifestyle

‘Wait Wait’ for February 28. 2026: Live in Bloomington with Lilly King!

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‘Wait Wait’ for February 28. 2026: Live in Bloomington with Lilly King!

An underwater view shows US’ Lilly King competing in a heat of the women’s 200m breaststroke swimming event during the Paris 2024 Olympic Games at the Paris La Defense Arena in Nanterre, west of Paris, on July 31, 2024. (Photo by François-Xavier MARIT / AFP) (Photo by FRANCOIS-XAVIER MARIT/AFP via Getty Images)

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This week’s show was recorded in Bloomington, Indiana with host Peter Sagal, judge and scorekeeper Bill Kurtis, Not My Job guest Lilly King and panelists Alonzo Bodden, Josh Gondelman, and Faith Salie. Click the audio link above to hear the whole show.

Who’s Bill This Time

State of the Union is Hot; The Tribal Council Convenes Again; A Glow Up In the Doll Aisle

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Panel Questions

The Toot Tracker

Bluff The Listener

Our panelists tell three stories about a travel hack in the news, only one of which is true.

Not My Job: Olympic Swimmer Lilly King answers our questions about Lil’ Kings

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Olympic Swimmer Lilly King plays our game called, “Lilly King meet these Lil’ Kings” Three questions about short kings.

Panel Questions

Cleaning Out The Cabinet; Bedtime Stacking

Limericks

Bill Kurtis reads three news-related limericks: Getting Cozy With Cross Country Skiing; Pickleball’s New Competition; Bees Get Freaky

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Lightning Fill In The Blank

All the news we couldn’t fit anywhere else

Predictions

Our panelists predict, after American Girls, what’ll be the next toy to get an update.

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Zendaya and Tom Holland Are Married, Her Longtime Stylist Claims

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Zendaya and Tom Holland Are Married, Her Longtime Stylist Claims

Law Roach
Zendaya and Tom’s Wedding Already Happened …
Y’all Missed It!!!

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Bet on Anything, Everywhere, All at Once : Up First from NPR

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Bet on Anything, Everywhere, All at Once : Up First from NPR

Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events.

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Photo Illustration by Scott Olson/Getty Images

The rise of prediction markets means you can now bet on just about anything, right from your phone. Apps like Kalshi and Polymarket have grown exponentially in President Trump’s second term, as his administration has rolled back regulations designed to keep the industry in check. Billions of dollars have flooded in, and users are placing bets on everything from whether it will rain in Seattle today to whether the US will take over control of Greenland. Who’s winning big on these apps? And who is losing? NPR correspondent Bobby Allyn joins The Sunday Story to explain how these markets came to be and where they are going.

This episode was produced by Andrew Mambo. It was edited by Liana Simstrom and Brett Neely. Fact-checking by Barclay Walsh and Susie Cummings. It was engineered by Robert Rodriguez. 

We’d love to hear from you. Send us an email at TheSundayStory@npr.org.

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Listen to Up First on Apple Podcasts and Spotify.

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