Created: January 13, 2022 02:37 PM
The pandemic hasn't impacted America's sweet tooth.
Demand for chocolate remains high, as retail sales rose more than 5% per quarter last year.
High demand, along with tighter supplies, has led to a big spike in the price of cocoa -- up more than 8% since December.
Stockpiles at U.S. ports have dropped for the past four months, and are down 20% from last year.
Still, traders say there was such an oversupply of cocoa beans from 2020 that it's helped keep the price of chocolate relatively cheap compared to other foods.
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