Cocoa prices hit record high: What does this mean for industry?
10 hours ago · The cost of cocoa has reached a record high, and the price keeps climbing. How is industry reacting and what does this mean for the future of this highly sought after commodity? …
Why Chocolate Is So Expensive In 2024 And What This Means For …
Sep 23, 2024 · While many commodities have seen unprecedented inflation due to supply chain challenges, one particular product has experienced record-breaking price increases — cocoa. …
Confectionery’s cost crisis: Cocoa shortages, shrinkflation and …
6 days ago · Cost of living affects all confectioners. Yet, manufacturers’ cost battle is not isolated to cocoa and chocolate. “Very few categories aren’t affected heavily now through cost, have …
Why is Cocoa’s Cost Rising? - World Wide Chocolate
Apr 1, 2024 · Cocoa is a market-driven commodity of which the price changes daily and never has the world seen what is currently taking place. Cocoa is at historic high prices and analysts are …
Cocoa prices are soaring to record levels. What it means for …
Mar 26, 2024 · Consumers could start to see the effect of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, …
Cocoa prices reach historic high, here's what consumers can expect
Mar 19, 2024 · In two months, the global price for cocoa shot up over 75%, from $4,094 per metric ton on Jan. 8 to $7,170 on March 6. Changing weather has threatened cocoa tree health and …
Cocoa Prices Hit Record Highs: Industry Adapts
Jan 17, 2025 · Rising cocoa costs have continued into the 2024-2025 cocoa season, despite hopes for a shift in the sector’s struggles. With fears around cocoa’s volatility ongoing, …
Why Cocoa and Chocolate Prices are Rising - The New York Times
May 10, 2024 · For much of the past decade, the price of cocoa in one key global benchmark hovered around $2,500 per metric ton. Last year, after poor harvests in West Africa, the price …
The Impact of Rising Cocoa Prices | J.P. Morgan Research
Apr 3, 2024 · The rise in cocoa prices is largely due to a global cocoa shortage, which has persisted since early 2024. Disease pressures, climate change and threatening weather have …
Managing cocoa costs - Food Business News
Dec 30, 2024 · Its high cost due to a global cocoa shortage, however, has limited chocolate innovations this past year. Bakers are exploring ingredient technologies to extend chocolate …