cocoa

Summary: Insight: The price of cocoa has decreased due to favorable weather conditions, increased crop production, and high cocoa costs leading to decreased demand. Despite this, cocoa prices are expected to remain high and volatile due to factors like climate…

Key Points: Hershey plans to increase candy prices by double digits due to unprecedented cocoa costs affecting top brands. The price hikes are unrelated to tariffs or trade policies. Although cocoa prices have decreased from record highs, they remain elevated…

With the skyrocketing prices of cocoa, chocolate substitutes are becoming a more cost-effective and sustainable option for the confectionery industry. However, the challenge lies in convincing consumers to break their chocolate addiction. Chocolate prices have nearly quadrupled in the last…

Hershey is urging the White House to exempt cocoa from tariffs to prevent further price increases on chocolate. The company estimates that tariffs could cost between $15 million to $20 million in the second quarter and potentially up to $100…

New Update: Two major players in the food industry, Nestlé and Ofi, have come together to launch a groundbreaking partnership aimed at reforesting cocoa-growing regions devastated by deforestation. This initiative is projected to reduce 1.5 million tons of carbon emissions…

Both Mondelēz International and Hershey have issued warnings that the persistent high cocoa prices are expected to have a negative impact on their businesses until 2025. Dirk Van de Put, CEO of Mondelēz, stated that the company is currently facing…

Valentine’s Day chocolate boxes and truffles will come at a higher price this year as confection makers pass on the increased cocoa costs to consumers who are already paying more for their favorite sweets. According to an analysis by cryptocurrency…

The following is an op-ed by Kelly Belcher, head of climate tech at J.P. Morgan Commercial Banking. The food tech industry is experiencing a wave of innovation aimed at decarbonizing and optimizing the efficiency of our food system. Despite consistent…

Dive Brief: Hershey has announced a new agreement as part of its ongoing efforts to support cocoa growers, improve children’s well-being, and protect the environment in cocoa-producing regions. The company’s “Cocoa For Good” program focuses on addressing poverty, malnutrition, at-risk…

Halloween Candy Prices on the Rise Due to Cocoa Shortage This Halloween, candy lovers may notice a spike in prices for popular Hershey and Mars chocolate bars. The cost of cocoa has doubled since the beginning of 2024, and experts…