World prices for chocolate will increase sharply due to the rising cost of palm oil and its cheap analogue of palm fat.
Now a ton of palm oil costs $1091. This is the maximum level. The growth is 120% per year.
If companies use other raw materials, production will be more expensive.
The main suppliers of palm oil are Malaysia and Indonesia (84 % of the world market). The coronavirus pandemic has caused a shortage of labor in these countries and led to a reduction in production.