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Cocoa prices spike, farmers struggle, Easter treat expected for Big Chocolate

Cocoa prices spike, farmers struggle, Easter treat expected for Big Chocolate
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United kingdomUnited statesGhana generalCity ofCoted ivoireIvory coastOpanin kofi tutuDankwa akufoEloi gnakomeneFiifi boafoNiaz mardanLuca zaramellaMondelez internationalHershey companyNational retail federationWells fargo

Easter chocolate prices on the rise due to cocoa supplies | News

Major global makers in Europe and the United States have more than passed on the rise in cocoa prices to consumers. Net profit margins at The Hershey Company increased to 16.7% in 2023 from 15.8% in 2022. Mondelez International, which owns the Toblerone and Cadbury brands, reported a jump to 13.8% in 2023 from 8.6% the year before.

United statesGreater accraGhana generalUnited kingdomCity ofCoted ivoireIvory coastEloi gnakomeneOpanin kofi tutuDankwa akufoFiifi boafoNiaz mardanLuca zaramellaWells fargoHershey companyMondelez international

Easter chocolate prices on the rise due to cocoa supplies

Major global makers in Europe and the United States have more than passed on the rise in cocoa prices to consumers. Net profit margins at The Hershey Company increased to 16.7% in 2023 from 15.8% in 2022. Mondelez International, which owns the Toblerone and Cadbury brands, reported a jump to 13.8% in 2023 from 8.6% the year before.

Coted ivoireGreater accraUnited kingdomCity ofUnited statesGhana generalIvory coastFiifi boafoEloi gnakomeneLuca zaramellaNiaz mardanOpanin kofi tutuDankwa akufoWells fargoHershey companyMondelez international

Bittersweet Easter for consumers and African cocoa farmers but chocolate brands see profits

With exports from the Ivory Coast, the world’s top producer, down by a third in recent months, the global price of cocoa has risen sharply

Ghana generalUnited kingdomUnited statesCity ofCoted ivoireIvory coastLindt sprungliFiifi boafoEloi gnakomeneNiaz mardanLuca zaramellaOpanin kofi tutuDankwa akufoLindt sprungli groupMondelez internationalHershey company

Bittersweet Easter for chocolate lovers and African cocoa farmers – but big brands see profits

Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies

City ofUnited kingdomCoted ivoireGreater accraNew yorkUnited statesGhana generalIvory coastFiifi boafoJamey keatenEloi gnakomeneNiaz mardanLuca zaramellaOpanin kofi tutuDankwa akufoDamianj troise