Be careful – this might just ruin your Valentine’s Day
1 month, 2 weeks ago

Be careful – this might just ruin your Valentine’s Day

The Independent  

Is chocolate off the menu for Valentine’s Day gifts? Kantar’s latest supermarket survey put food price inflation at 3.3 per cent in January, which is down on the previous month but still painful when one considers that it is cumulative. The US confectioner Hershey cited this when it released its third-quarter results which blamed “historically high cocoa prices and a challenging consumer environment” for a fall in sales. As the news agency Reuters explained: “In the middle of last year, hedge funds – a class of investors that use privately pooled money to make speculative bets – started pulling back from trading cocoa futures because price swings in the market were raising their cost of trading and making it harder to make profits.” One cannot ignore the malign impact of climate change in all this, something that is increasingly viewed with concern by chocolate makers. “If the cocoa sector doesn’t take action, current cocoa-producing regions may no longer be viable in the future as a result of climate change,” it warns.

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History of this topic

Chocolate love has its price on Valentine’s Day as cocoa costs make hearts shudder, not flutter
1 month, 2 weeks ago

Chocolate love has its price on Valentine’s Day as cocoa costs make hearts shudder, not flutter

Associated Press  

BRUGES, Belgium — St. Valentine chocolates always seek to show how deep your love is. No beans, no Valentine’s chocolate “The price increase of cocoa is absolutely spectacular, now for 2, 2½ years,” said Philippe de Sellier, the head of both Leonidas and Belgian chocolate federation Choprabisco. They haven’t been this high for the last 50 years,” said Bart Van …

Why those Valentine's Day chocolates will be even more expensive this year
1 month, 2 weeks ago

Why those Valentine's Day chocolates will be even more expensive this year

NPR  

Why those Valentine's Day chocolates will be even more expensive this year toggle caption Scott Olson/Getty Bonbons and truffles are even more of a luxury this Valentine's Day. "It's been a pretty dramatic change to our business model," says Alex Whitmore, who runs Taza Chocolate, a Boston-area manufacturer. Sponsor Message The biggest cocoa deficit in decades The world's supply of …

Chocolate prices are up 20% this Valentine’s Day as cocoa prices hit record
1 month, 2 weeks ago

Chocolate prices are up 20% this Valentine’s Day as cocoa prices hit record

CNN  

New York CNN — It will be harder to find sweet deals on chocolate this Valentine’s Day. “This Valentine’s Day expect prices for chocolate treats to increase around 10-20% over last year as the price of cocoa has more than doubled since the beginning of 2024,” said David Branch, sector manager at Wells Fargo Agri-Food Institute. Hershey’s said it buys …

Why you may soon need a nest egg to buy an Easter egg
1 month, 3 weeks ago

Why you may soon need a nest egg to buy an Easter egg

Daily Mail  

We have all seen Easter eggs in the shops as early as January. Market prices for the seasonal treats' key ingredient currently sit at around £8,600 a tonne and have more than doubled compared with this time last year. But the trade journal said manufacturers and retailers were rubbing their hands together because choc-loving Brits would continue to fork out …

Grocery inflation rises as supermarket trips hit four-year high
4 months, 2 weeks ago

Grocery inflation rises as supermarket trips hit four-year high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

Why you’re seeing scary-high chocolate candy prices this Halloween
4 months, 3 weeks ago

Why you’re seeing scary-high chocolate candy prices this Halloween

NPR  

Why you’re seeing scary-high chocolate candy prices this Halloween toggle caption Chris O'Meara/AP As cocoa prices continue to spike, shoppers see the jump-scare prices for chocolate candy at the grocery store this Halloween season. Chocolate makers expand their palates Chocolate manufacturers will likely feel the pain for some time, which means chocolate candy prices will also stay high for a …

Why your Halloween candy might cost more this year (and it’s not for the reason you may think)
5 months ago

Why your Halloween candy might cost more this year (and it’s not for the reason you may think)

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Chocolate prices are going up this year amid a shortage of its main ingredient, cocoa …

Chocolate prices soar in bad news for Halloween revellers
6 months, 1 week ago

Chocolate prices soar in bad news for Halloween revellers

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Our research shows that despite overall food and drink inflation continuing to fall, chocolate …

Watch: Impact of cacao price hike on Indian patisseries and craft chocolate makers
8 months, 2 weeks ago

Watch: Impact of cacao price hike on Indian patisseries and craft chocolate makers

The Hindu  

Every year, July 7 is celebrated as World Chocolate day. Factors like El Niño, black pod disease, and aging cacao trees in major producers across Ghana and Ivory Coast, alongside inequitable market practices are the reasons for this steep hike. Importers also face increased cargo prices due to the West Asia crisis and a weakened rupee. Indian craft chocolate makers …

Cocoa prices hit all-time high after doubling this year - it is not good news for chocolate lovers
11 months, 3 weeks ago

Cocoa prices hit all-time high after doubling this year - it is not good news for chocolate lovers

Daily Mail  

Chocolate lovers have already faced price hikes for their favorite sweet treats Experts warn firms may start cutting chocolate from recipes to keep down costs Cocoa prices are surging due to poor climate and bean disease in West Africa Cocoa prices have doubled so far this year - and that is more bad news for chocolate lovers after two years …

Pricier Easter bunnies and eggs. Half-dipped Kit Kats. What's up with chocolate?
11 months, 3 weeks ago

Pricier Easter bunnies and eggs. Half-dipped Kit Kats. What's up with chocolate?

NPR  

Pricier Easter bunnies and eggs. toggle caption Sophie Garcia/AP Wrong conditions at a wrong time of the year Roughly two-thirds of the world's cocoa is grown in West Africa, most of it in Ivory Coast and Ghana. if prices are very high, people start producing more of that commodity," says John Ament, an independent consultant who's the former head of …

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits
11 months, 3 weeks ago

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mondelez said it raised chocolate prices up to 15% …

Enjoy your already inflated Easter eggs - experts predict chocolate could be double the price by next year
11 months, 3 weeks ago

Enjoy your already inflated Easter eggs - experts predict chocolate could be double the price by next year

Daily Mail  

By Easter Monday, Cadbury alone will have sold more than 450m chocolate eggs and 15 million bunnies in Australia and New Zealand, despite the soaring price of the festive treats. This year's haul of sweet treats has been saved from the full effect of cocoa futures reaching more than $15,300 a tonne because Easter eggs are made up to a …

British shoppers urged to buy Fairtrade chocolate over Easter
1 year ago

British shoppers urged to buy Fairtrade chocolate over Easter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British shoppers are being urged …

The price of a Freddo has gone up again and won’t drop soon
1 year ago

The price of a Freddo has gone up again and won’t drop soon

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Easter will likely be just the start of chocolate lovers’ …

Chocolate woes set to last beyond Easter as weather takes toll on cocoa harvests
1 year ago

Chocolate woes set to last beyond Easter as weather takes toll on cocoa harvests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Easter is set to be …

Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approaches
1 year ago

Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approaches

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sweet Easter baskets will likely …

Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approaches
1 year ago

Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approaches

Associated Press  

NEW YORK — Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs. Big chocolate companies like Hershey’s and Cadbury maker Mondelez have been passing those costs on to consumers — and then some: Hershey’s net profit margins ticked higher to 16.7% in 2023 from 15.8% in …

Why chocolate prices are likely to skyrocket soon
1 year ago

Why chocolate prices are likely to skyrocket soon

Salon  

You might want to stock up on chocolate for Easter pronto — because chocolate prices are likely bound to explode very soon. Inflation plays a part, but the bigger issue at hand is that cocoa cultivation in both Africa — specifically Ghana and the Ivory Coast — and Ecuador has reportedly become much more complicated due to climate change, as …

Chocolate prices this Valentine's Day will be at a record high. What's behind the bittersweet hike?
1 year, 1 month ago

Chocolate prices this Valentine's Day will be at a record high. What's behind the bittersweet hike?

ABC  

Gifting your loved one chocolates on Valentine's Day is a time-honoured tradition, but this year's record high prices could put a damper on the romance. "It's a little bit of a perfect storm, with lower productivity from the cocoa farmers and then slightly lower demand," he said. Associate Professor in social and environmental accounting at the University of Wollongong, Stephanie …

Cocoa prices spiked to an all-time high right before Valentine's Day
1 year, 1 month ago

Cocoa prices spiked to an all-time high right before Valentine's Day

NPR  

Cocoa prices spiked to an all-time high right before Valentine's Day Enlarge this image toggle caption Hermann J. Knippertz/AP Hermann J. Knippertz/AP As Valentine's Day approaches, the price of cocoa has never been higher. "Quite honestly, all of our chocolates have increased in price," says Ginger Park, who has run a chocolate shop named Chocolate Chocolate in Washington, D.C., for …

Chocolate letters and pepernoten prices set to hit the roof
1 year, 7 months ago

Chocolate letters and pepernoten prices set to hit the roof

Dutch News  

Soaring cocoa and sugar prices are going to have an impact on the price of traditional Sinterklaas goodies, such as chocolate-coated pepernoten and chocolate letters, producers have said. “We are paying 50% more for cocoa, our main ingredient, and 25% more for sugar.” Droste increased its prices and unprecedented three times last year. More expensive cocoa and sugar will inevitably …

Chocflation! Bars could shrink even further in size amid rise in cocoa prices because of heavy rain in Africa
1 year, 7 months ago

Chocflation! Bars could shrink even further in size amid rise in cocoa prices because of heavy rain in Africa

Daily Mail  

Chocolate bars could shrink even further in size after the price of one of its key ingredients soared. Now experts have warned that it could see food companies, who have already cut the size of their bars and biscuits through 'shrinkflation', considering more reductions - even marketing smaller products as a healthier choice, while charging the same or more. Last …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years, 3 months ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Shoppers face £380 jump in grocery bills this year as inflation surges
2 years, 9 months ago

Shoppers face £380 jump in grocery bills this year as inflation surges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail data company Kantar said …

Brexit: Food prices rose at fastest rate for more than three years in March
7 years, 11 months ago

Brexit: Food prices rose at fastest rate for more than three years in March

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Food inflation hit …

Brexit is making chocolate more expensive
8 years, 8 months ago

Brexit is making chocolate more expensive

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of …

Asia chocolate consumption compounds world cocoa shortage
10 years, 8 months ago

Asia chocolate consumption compounds world cocoa shortage

Live Mint  

Singapore/London: Surging consumption of chocolate in Asia is pushing cocoa bean prices to the highest level in three years as buyers including Barry Callebaut AG expand their search for more supply. While demand in the region ranked as the world’s lowest per capita in 2013, the market will grow at almost twice the global rate over the next four years, …

Cocoa climbs to highest price since 2011 as chocolate makers buy
11 years, 1 month ago

Cocoa climbs to highest price since 2011 as chocolate makers buy

Live Mint  

London: Cocoa climbed to the highest level since 2011 in London as chocolate makers stepped up purchases just as arrivals from the main crop in leading producer Ivory Coast are starting to tail off. Bean deliveries to Ivory Coast ports were estimated 16% higher from the start of the season on 1 October through 9 February compared with a year …

Retail inflation slides to 9.39 %
11 years, 10 months ago

Retail inflation slides to 9.39 %

India TV News  

New Delhi, May 13: Falling for the second straight month, retail inflation declined sharply to 9.39 per cent in April due to easing of prices of vegetables, edible oil and protein-based items. The Consumer Price Index based inflation stood at 10.39 per cent in March.The prices in the vegetables basket eased to 5.43 per cent in April from 12.16 per …

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