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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 …
5 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 …
Cocoa Market Report for December 2024
Abidjan, 20 January 2025 – The International Cocoa Organization releases the Cocoa Market Report for December 2024.The current report highlights the following insights: Cocoa futures …
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 …
Why the price of chocolate's key ingredient skyrocketed in 2024
Jun 1, 2024 · Spot prices for cocoa began the year around $4,200 a metric ton, then hit an all-time high of more than $11,000 a metric ton in late April before settling above $9,000. Factors …
Cocoa Prices Reach All-Time High: What This Means For Easter ... - Forbes
Mar 26, 2024 · The skyrocketing price of cocoa surged again Tuesday, topping $10,000 per metric ton for the first time, and some chocolate companies plan to respond to the increase by …