Published 29 days ago

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits

Big confectionery companies are benefiting from increased demand for chocolate during Easter, with profit margins rising in 2023.
The Hershey Company's net profit margins increased to 16.7% in 2023, while Mondelez International saw a jump to 13.8% during the same year.
Consumers are likely to face higher prices for chocolate candy this Easter, according to a report by Wells Fargo.

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The Guardian

Extortionate Easter eggs and shrinking sweets: fears grow of a ‘chocolate meltdown’

Poor harvests in extreme weather conditions have led to a tripling of cocoa prices – but farmers have seen no benefit

1 month ago·London, United Kingdom

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CBC News

Toronto chocolatiers face rising costs as price of cocoa soars

Cocoa prices across the globe are rising at a rapid rate — and local chocolatiers are feeling the pinch. Experts say climate change is causing a shortage of supply, and will continue to make chocolate more expensive for the foreseeable future.

1 month ago·Canada

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NDTV

Eating Some Chocolate Really Might Be Good For You - What Research Says

Although it always makes me scoff slightly to see Easter eggs making their first appearance in supermarkets at the end of December, there are few people who arent delighted to receive a bit of chocolate every year.

1 month ago·New Delhi, India

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Associated Press News

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits

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 supplies

1 month ago·United States

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Global News

Saskatoon chocolate shop prepares for Easter amid looming price jump

A report by agriculture-focused co-operative bank CoBank said cocoa prices were nearly 65-per cent higher than a year ago, and New York futures prices were at a 46-year high.

1 month ago·Toronto, Canada

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