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How chocolatiers are battling high cocoa prices: Jacques Torres

Cocoa Prices (CC=F) have been on the rise due to problems with cultivators in West Africa, climate change, and complexities involving futures markets in regards to supply and demand. Master Chocolatier and Jacques Torres Chocolate Founder and CEO Jacques Torres joins Yahoo Finance to break down the situation with cocoa prices and what can be done to remedy the situation. Torres elaborates on how he is coping with the high prices, saying, "We might put a little bit more inclusion into the chocolate," so adding extra nuts, for example, to offset the use of less chocolate. "If your almonds are a little less expensive than your chocolate, you're going to a little bit more almonds," he says.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino