Halloween “shrinkflation”: How candy companies are adapting amid a cocoa crunch

With Halloween just days away, trick-or-treaters in Canada should expect to receive more non-chocolate candies or smaller chocolate treats as high cocoa prices continue to spook candy makers. Companies have had to hike their prices, reformulate and even resort to “shrinkflation” – when the product gets smaller, but the price remains the same. The shift to gummies, licorice and flavored crèmes comes as chocolate makers face shrinking margins and slowing sales. Global’s Touria Izri explains. For more info, please go to https://globalnews.ca/news/10828274/halloween-chocolate-prices-gummies/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #halloween #shrinkflation #cocoaprices