Why the price of chocolate's key ingredient skyrocketed in 2024
WEBJun 1, 2024 · Chocolate’s key ingredient has soared in commodities markets throughout 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...
Why Cocoa and Chocolate Prices are Rising - The New York Times
WEBMay 10, 2024 · Chocolate prices are mostly rising. When Hershey and Mondelez, which owns brands like Cadbury and Toblerone, reported earnings recently, the price swings were a big topic of conversation.
Chocolate, but without the guilt? Why lab-grown cocoa and
WEBSep 10, 2024 · The chocolate industry is having a meltdown. Cocoa prices have doubled since the start of the year, as crops in West Africa — which produces 80% of the world’s cocoa — have been hit by ...
Why a changing climate might mean less chocolate in the future - NPR
WEBMay 15, 2024 · The majority of chocolate is made in just two countries and erratic weather from climate change is decreasing cocoa production.
Chocolate Prices Are Skyrocketing — and it Has Very Little to do …
WEBMar 19, 2024 · As Investopedia reported, retail chocolate prices in the U.S. increased 10% in 2023, at a rate about three times higher than consumer inflation. Already in 2023, Hershey’s raised its prices on ...
Chocolate is getting more expensive as the global cocoa ... - USA TODAY
WEBMar 19, 2024 · This Easter season, consumers can expect a spike in prices for their favorite chocolate treats as cocoa prices have reached historic highs due to dwindling supply caused by climate change ...
Exclusive: African cocoa plants run out of beans as global chocolate ...
WEBMar 13, 2024 · Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world...
Chocolate: Cocoa price hits record high as El Niño hurts crops - BBC
WEBCocoa prices on the New York commodities market reached a new all-time high of $5,874 (£4,655) a ton on Thursday. The cost of the key ingredient for making chocolate has now roughly doubled since...
Chocolate - BBC News
WEBMar 27, 2024 · Cadbury turns 200: Eleven milestones in its history. As Cadbury celebrates two centuries of history, the BBC looks at key moments down the years. All the latest content about Chocolate from the...
Chocolate news - Today’s latest updates - CBS News
WEBNov 30, 2023 · Higher cocoa prices are hitting chocolate lovers' wallets. CBS News reporter Taurean Small explains what's driving the increase, and what chocolate brands are doing to adapt. May 15....