“It’s certainly going to be positive, even if cocoa is trading at [a] level that is quite higher compared to historical norms,” says Mondelez CFO Luca Zaramella in an earnings call.

Mondelēz, producer of Cadbury and Toblerone, has said that the "shift in dynamics eases [their] need to raise prices to stay profitable," the article says. Hershey recently reported that the updated weather patterns have the company raising its projection for its net sales growth this year by one point, to about 3%.

In the company's recent earnings call, its CFO Steven Voskuil told attendees that the chocolatier has continued dealing with high cocoa costs, but he expects costs to go down. 

“I would hope as we get deeper into 2026, we’d start to see some deflation,” he says.

Places like West Africa and Ecuador are expected to see improved weather conditions, and the International Cocoa Organization has said that cocoa supplies should go from a deficit of almost 500,000 metric tons last year to a surplus of almost 150,000 tons, WSJ reports.

"The emergence of a La Nina climate system last month looks to continue the more prosperous turn for world cocoa crops, as the weather pattern tends to support better rainfall and milder temperatures—although it can also create a ripe environment for crop disease to spread," the article cautions. 

Chocolate companies are saying that although prices may fall, bags of candy that consumers see in their local stores aren't "likely to completely reverse the upticks seen in 2024 and 2025," Mondelez CEO Dirk Van de Put said. Other factors such as the current government shutdown, and tariffs, could still affect demand for chocolate. 

Related: Nestlé develops new cocoa processing method