Tariffs To Have Direct Impact on Pricing At Beloved Capital Region Doughnut Shop

The price of chocolate is changing and it forcing some New York small businesses to change their prices due to the new tariffs that have been put in place.

How much are you willing to pay for a doughnut? According to Google it says the average price is between $1-$2. Of course that's not considering the gourmet style doughnuts that many places have been making and the public has been loving.

Some of those gourmet style doughnuts can cost between $3-$5 each depending on how they're made. Now the cost of all your doughnuts could be on the rise thanks to a few different factors.

Cider Belly Doughnuts in Albany posted on their Instagram page that customers will see an increase on chocolate items in their stores.

Rising Costs

The reasons behind the price increase on chocolate is because of two reasons. The dry season has decreased the cacao crop yield and the imposed tariffs by President Donald Trump.

According to Trading Economics:

...the world's top cocoa suppliers, Ivory Coast and Ghana, face retaliatory tariffs of 21% and 10%, respectively, on all imports into the United States.

This will not only impact the cost of chocolate but also the cost of coffee that is being imported to the United States. The dry season in countries that have the biggest supplies is a major factor.

Top grower Ivory Coast is about to experience its worst mid-crop output in the last 10 years due to an unusually long dry season.

Read More: These Are Hands Down The Best Donuts In Albany, NY

Cider Belly has promised to keep the prices reasonable while details are worked out on the chocolate supply. They hope that the tariffs will soon be lifted, and that the crop season returns to normal levels. Until then, it might cost you a little bit more for that chocolate frosted doughnut with sprinkles.