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 ...
Bad news for chocolate lovers. This Easter season, consumers can expect a spike in prices for their favorite chocolate treats ...
“They market chocolate as candy. We market it more as a luxury, something to savor, like a bottle of wine.” DAN MALONEY, who runs a chocolate business in the Bronx and has always paid a ...
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 ...
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 ...
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 ...
Cocoa prices are so high that parents might want to use their Easter chocolate as a tax write-off this year. Cocoa prices were already steadily rising in 2023, but the product has nearly doubled ...
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% ...