- 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.
Mondelez International and Michele Buck are raising prices to offset rising cocoa costs.
2 reports, 2 independent
Updated Aug 1
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What happened
Mondelez International and Michele Buck are raising prices to offset rising cocoa costs.
Who's involved
What this event is mainly aboutKeep 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.
- Rising cocoa costs are forcing price increases for The Hershey Company.
The entities involved
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Mondelez International
American multinational confectionery, food and beverage conglomerate
Coverage
Newest first; wire copies grouped- InvestopediaDo Higher Prices Mean Lower Sales? Hershey Thinks It's Found the Sweet Spot Companies from Hershey Co. to the Cheesecake Factory to Scholastic have recently said they will be raising prices. Hershey
- FastCompanyYour favorite candy just got pricier, and it’s not because of tariffs If you’re planning to roast s’mores over a campfire this summer, you’ll be spending more than last year on one ingredient that yo