Two favourite sweet treats enjoyed by millions of Aussies every year will soon double in price.
Cadbury announced today Freddo Frogs and Caramello Koalas will cost $2 each, up from $1.
In a statement on its social media pages, the chocolate manufacturer put the price hike down to an increase in the cost of ingredients, particularly cocoa.
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“Our Freddo Frogs and Caramello Koalas have delighted chocolate lovers for generations,” a Cadbury spokesperson wrote.
“Due to the record global price of cocoa, and increased input costs, we have adjusted the RRP from $1 to $2.”
Cadbury went on to say this will be the first price change for Freddo Frogs and Caramello Koalas in more than 10 years.
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But chocolate lovers will still be able to choose a cheaper alternative.
“Sharebags of Freddos and Caramello Koalas are also available and offer great value,” the statement said.
Experts have warned for months the global production of cocoa – the main ingredient of chocolate – is under severe global pressure from climate change, plant disease, farmer poverty and unsustainable agricultural practices.
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