Rising food prices have been a boon to commodities exchange traded funds (ETFs) this year. Corn, wheat, soybeans, sugar, you name it – it’s getting pricier by the minute.
But…chocolate? Precious, precious chocolate that many of us consume by the pound?
Yes, indeed. The world’s cocoa supply is threatened, reports Scott Jagow for Marketplace. Now, let’s everybody stay calm – there’s no reason to run to your local Sweet Shoppe and hoard the chocolate goods yet, unless you’ve got a craving that just can’t be denied.
That’s because government scientists and the candy industry are hard at work to make sure that you still get your M&Ms fix, since they might be the only thing keeping you from chewing your nails off as the price at the gas pump ticks higher and higher.