That Easter chocolate could help you to gain pounds (in the right places)

Easter bunnies are entitled to be hopping mad at the soaring cost of chocolate eggs. Today’s treats can cost 50 per cent more than they did last year, while some manufacturers settle for the sneaky “shrinkflation” trick of charging the same for less.

Cocoa bean prices bouncing to a record high are part of the explanation. Drought and disease have hit two countries in West Africa — Ghana and the Ivory Coast — which produce 70 per cent of the world supply of this precious commodity.

But there is no need for such setbacks to leave a bitter taste in the mouths of stock market investors. Extreme volatility in soft commodity prices often proves cyclical, with today’s famine leading to tomorrow’s glut, and vice versa.

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