Take a look at the already expired March cocoa futures.[0] This is clearly not speculation. >The normal thing instead would for people to eat less chocolate un

Take a look at the already expired March cocoa futures.[0] This is clearly not speculation. >The normal thing instead would for people to eat less chocolate until there is enough supply The cost of cocoa is not identical to the cost of chocolate. >Based on a 200g milk chocolate bar costing €2, cocoa comprises around 10 percent of total costs; sugar 1 percent; milk products 6 percent; production, packaging and marketing and profits around 78 percent and tax 6 percent. [1] This means a 3x increase in prices would make the bar cost €2.60. There are also products that use only small amounts of chocolate, reducing the total increase even further. For example the increase in chocolate costs in a chocolate chip cookie is negligible. [0] https://www.barchart.com/futures/quotes/CCH24 https://www.barchart.com/futures/quotes/CCH24 [1] https://edepot.wur.nl/335476 https://edepot.wur.nl/335476