Valentine’s chocolate comes at a price
Rising cocoa prices make chocolate makers and patrons bitter
Many would-be Valentine's Day shoppers are arriving at stores to the surprising news of chocolate prices that are up 20% compared to last year. It's all due to rising cocoa prices, in part because more cocoa manufacturers are paying workers better wages.
Thursday closed up +375 (+3.75%), and March ICE London cocoa #7 (CAH25) closed up +164 (+2.05%). Cocoa prices rallied sharply ...
Hershey forecast annual profit below Wall Street estimates on Thursday as record cocoa prices weigh on the Kit Kat maker's ...
BMI (a unit of Fitch Solutions) on Thursday revised up its price forecast for ICE-listed second-month cocoa futures to $7,600/tonne from $5,900/tonne, as it expects prices to remain above ...
The extent of supply issues for a key ingredient means that prices are unlikely to return soon to the levels chocolate makers ...
The cost of cocoa reached a record high in December 2024, and the price keeps climbing. How is industry reacting and what ...
The surge in cocoa prices, coupled with higher transportation costs, led to a 650-basis-point decline in the company's ...
Record-breaking cocoa prices have left a bitter taste for candy companies, but Pennsylvania-based Hershey said it booked a ...
Hershey announced better-than-expected earnings despite rising raw material costs, driven by robust pricing strategies and ...
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