WhatNot just pure play chocolate makers but dairy giant Amul, ice-cream brand Baskin Robbins, even snacking and cereal brand Kellanova, and other comp.
India Business News: Higher cocoa prices are affecting companies across the board, including dairy major Amul, ice cream brand Baskin Robbins, snacking and cereal company
Vadodara: The National Cooperative Dairy Federation of India Limited (NCDFI), the apex body of dairy cooperatives, has elected Meenesh Shah as its cha.
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.