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Chocolate-makers and sellers have been raising prices to keep up with the skyrocketing costs of cocoa. Hermann J. Knippertz/AP hide caption

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Hermann J. Knippertz/AP

Cocoa prices spiked to an all-time high right before Valentine's Day

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José Palacios, a cacao farmer, holds the Late Chocó chocolate products produced by his son, Joel, in Bogotá. The package bears an illustration of his likeness. José Palacios lives in Colombia's western Chocó department, which is also a coca-growing region. Verónica Zaragovia for NPR hide caption

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Verónica Zaragovia for NPR