- Ghana and Ivory Coast are contributing to global cocoa production deficit due to shared supply chain challenges.
- Future recovery in the cocoa industry hinges on successfully managing the increasing costs associated with production and global market pressures.
Due to volatile cocoa markets, companies like Hershey Co. and Aare Lindt are passing on cost increases to consumers.
3 reports, 3 independent
Updated Jun 29
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Due to volatile cocoa markets, companies like Hershey Co. and Aare Lindt are passing on cost increases to consumers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Cocoa cost increases are leading to price hikes passed on to consumers.1 source
Michele Buck announced cost absorption strategies and price hikes due to cocoa surge.1 source
Keep exploring
Part of
Future recovery in the cocoa industry hinges on successfully managing the increasing costs associated with production and global market pressures.Also in this story
- Major chocolate companies, including The Hershey Company and Mondelez International, are raising prices due to rising cocoa costs and new EU mandates against deforestation.
- Poor harvests in West Africa caused a cocoa shortage, impacting the global supply chain.
The entities involved
Coverage
Newest first; wire copies grouped- businesstimes.com.sg
- Associated Press FinanceHershey and other chocolate makers hike prices as cocoa remains near record highs Here’s the good news: The Hershey Co. says it’s not raising prices for Halloween candy this year. But here’s the bad
- ReutersHershey to raise chocolate prices as cocoa costs remain high (Reuters) -Hershey has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a