Global shortage leads to record-high cocoa prices - FMCG Business

FMCG Business

Global shortage leads to record-high cocoa prices - FMCG Business

Skyrocketing cocoa prices are putting strong pressure on chocolate producers around the globe, who will likely pass on the burden to consumers, according to a new international report by food and agribusiness banking specialist, Rabobank. In the report Soaring Cocoa prices: The worst is yet to come, the bank says the main impact of the cocoa crisis still lies ahead, as companies hedge prices and supply contracts up to a year in advance. “Signifi…