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Cocoa prices surge, impacting Cadbury and Easter sales

The Guardian — March 31, 2024, 01:00 PM UTC

Summary: The cost of cocoa has hit a historic high of over $10,000 a tonne due to poor harvests in West Africa. Mondelēz's UK arm, including Cadbury, faces challenges as key ingredients' prices rise. Easter is the second busiest time for chocolate sales. Prices have increased, with some products rising over 8% in January. Cadbury is considering further price hikes or product size reductions. Cocoa Life program aims for sustainable cocoa sourcing by 2025.

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Timeline:

  1. [2.0]
    Cocoa prices may stabilize around $9,000-$10,000/ton; caution ahead (CNBC)
    39d
    Source
  2. [5.0]
    UK Easter spending surpasses £1bn, driven by chocolate demand (The Guardian)
    44d

    ScoresSource
  3. [6.5]
    Global cacao shortage leads to record-high cocoa prices (The Guardian)
    46d

    ScoresSource
  4. [5.2]
    Easter egg prices rise due to shrinkflation and ingredient costs (Financial Times)
    46d

    ScoresSource
  5. [5.8]
    Chocolate prices surge due to cocoa price increase and supply challenges (ABC News)
    46d

    ScoresSource
  6. [4.8]
    Cocoa price surge impacts Easter chocolate prices and production (CNN)
    46d
    Source
  7. [6.2]
    Climate change impacts cocoa supply, raising Easter chocolate prices (The Associated Press)
    46d

    ScoresSource
  8. [5.9]
    Cocoa prices soar above $10,000/ton on poor harvests (Financial Times)
    48d

    ScoresSource
  9. [6.1]
    Cocoa prices surge to record high, supply deficit worsens (CNBC)
    48d

    ScoresSource
  10. [5.9]
    Cocoa futures hit record high due to supply challenges (CNBC)
    48d

    ScoresSource