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higher cocoa costsCNBC
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74% Informative
Prices of cocoa have more than tripled over the last year .
West Africa's cocoa crop is expected to experience the largest deficit in at least six decades .
Hershey , M&M 's maker Mars , Kinder owner Ferrero and Cadbury parent Mondelez are likely protected from higher cocoa costs.
Food companies will likely be reluctant to raise prices given current consumer pushback.
This year 's spike in cocoa prices has been historic, but it likely won't be the last time food companies find themselves paying more for the commodity.
Systemic issues, such as government-controlled farmgate pricing, and climate change will likely keep hurting the beans' crop.
In some cases, that may mean alternatives to cocoa.
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