ACCRA, Ghana — 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 ...
After hitting a fresh record high on Monday, cocoa prices have slumped 13% — a sharp fall in just three days. But experts say the market remains in critical short supply, which is why Valentine ...
After a production shortfall in West Africa, cocoa prices rose to $4,000 a metric ton from $2,500. Then they went nuts. Credit...Carl Godfrey Supported by By J. Edward Moreno A failed crop ...
A failed crop, followed by a wave of financial speculation, put cocoa prices on a roller coaster this year, rattling an industry reliant on inexpensive crops and labor. This is not how things ...
Chocoholics beware: Getting your fix, which is already pricey, is likely to get pricier. The Hershey Co. expects record-high ...
The price of cocoa has soared ahead of Easter as the impacts of climate chance are worsened by conditions from the El Nino phenomenon, according to research. The Energy and Climate Intelligence ...
AS. FOR YOUR MONEY, WE WANT TO HELP EXPLAIN WHY YOU’RE PAYING MORE FOR CHOCOLATE AT THE STORES AND COULD LIKELY BE PAYING EVEN MORE IN THE COMING MONTHS. THIS STORY BEGINS WITH A COCOA BEAN ...
Cocoa futures on Friday marked a drop of 30% from their all-time highs, as a buying frenzy that lifted prices to a record just two weeks ago gave way to expectations for better crop conditions and ...
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% ...