Rising chocolate prices bite as Easter approaches

With the Easter season fast approaching, Australians are being warned that the price of chocolate is rising. That's because the key ingredient used to make it - cocoa - has surged to record levels, trading at more than $15,400 [[AUD]] a tonne due to a poor harvest season in Africa.

FILE - Chocolate rabbits wait to be decorated at the Cocoatree chocolate shop, April 8, 2020, in Lonzee, Belgium. Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs. (AP Photo/Virginia Mayo, File) Source: AP / Virginia Mayo/AP