Cocoa Crashed This Year. So Why Is Your Halloween Candy Still This Pricey?
Cocoa prices took a volatile round trip over the past two years, hitting a record above $10,000 per metric ton in late 2024, falling to a cycle low near $2,850 by April 2026, and then rallying back to about $5,700 by mid-August. The article notes that despite the commodity's crash, Halloween candy prices remain high.
Why it matters — Cocoa is a key input for many of the candy products made by manufacturers like Mondelez, so swings in the commodity's price can affect the company's ingredient costs.