Shoppers searching for Easter treats will likely pay more at their local stores this year, with the cost of chocolate soaring.
Consumers shopping for candy for Easter may be paying for their sweet treats at the grocery store, with the cost of chocolate soaring. This is related to the price of cocoa limbs rising this year, doubling since the start of 2024. Factors related to the higher cost of chocolate are linked to higher temperatures and weather conditions affecting damaged crops in West Africa, where over 70% of the global cocoa supply is manufactured.
But the candymakers reported declining sales in recent fiscal quarters as shoppers became fed up with paying higher prices for chocolate. RELATED: Subway, Cadbury team up for Easter mashup that has social media eruptingHershey increased its prices for chocolate in 2023 as inflation mounted, as the company shared with the AP that it raised prices on some grocery and food service items early in 2024 as they expect sales to grow roughly 3% this year.
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Companies behind Hershey and Cadbury chocolate signal possible price hikes amid cocoa cost surgeThe price of cocoa has already more than doubled since last year.
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Companies behind Hershey and Cadbury signal possible price hikes amid cocoa surgeThe companies behind chocolate brands like Hershey and Cadbury have indicated possible future price hikes amid the rising cost of cocoa.
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Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs.
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Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs.
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Rich cocoa prices hitting shoppers with bitter chocolate costs as Easter approachesSweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs. Cocoa futures have roughly doubled in 2024 after surging 61% overall in 2023. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply.
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Sticky Chocolate CakeIn the Venn diagram of chocolate bakes, this recipe falls squarely in the middle of where brownie, molten chocolate cake, and chocolate soufflé meet.
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