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🍫🍫🍫THE CHOCOLATE CRISIS — an UPDATED thread🆕🆕🆕:
Retail chocolate prices are rising (and will increase much further, while shrinkflation will reduce sizes) after wholesale cocoa prices surged to an unthinkable all-time high of ***$10,000 a ton*** on Tuesday.
We’ve been in a rolling recession for white collar hiring — kind of wonder if this has dynamics similar to other bullwhip/credit-sensitive industry downturns that we’ve seen and it picks up later this year just because it has to: pic.twitter.com/0PxWOdB1WD
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