US Edition'I Don't Pay Myself a Salary': Northern Ontario Chocolatiers Hit Hard by Cocoa Price Surge
ONTARIO, CANADA, JUL 17 – Small chocolatiers face squeezed profits as cocoa prices quadruple since 2022 due to West African supply issues, forcing gradual price hikes and cost absorption for over 16 months.
5 Articles
5 Articles
'I don't pay myself a salary': northern Ontario chocolatiers hit hard by cocoa price surge
As the cost of cocoa beans and cocoa butter stays sky-high, northern Ontario chocolatiers say they’re doing everything they can to maintain quality without losing their customers or business.
Production delays at European cocoa factories continued to worsen in the second quarter, according to Bloomberg news agency, based on a survey of seven processors and traders of cocoa, the raw material that determines the flavor of chocolate.
Europe’s cocoa slowdown highlights global chocolate struggle
The slowdown at Europe’s cocoa factories is deepening, highlighting how historically high prices are curbing demand and hurting processors’ profits in the top chocolate consuming region. The amount of beans ground into butter and powder that’s used in confectionery probably fell almost 5% in…
The amount of cocoa beans ground into butter and confectionery powder has decreased by up to 5% in Europe
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