Chocolate lovers struggle to find sweet spot amid price rises

Quick Summary:

Chocolate makers including Mondelez, Nestlé, Lindt and Hershey have been feeling the squeeze from higher prices.

The company has hiked prices as a result of the cocoa upswing, but inflation-hit consumers have cut back on chocolatey treats as a result.

Belgian Biscoff maker Lotus Bakeries on Friday said commodity prices and other input costs had stabilised — with the exception of cocoa.

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Article Details

Author / Journalist: Susannah Savage

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaGhanaIvory CoastUkraine

Topics: Chocolate Consumers Price Financial Year Record Prices Weather Cocoa Central Frogs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 15:38:55 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 791 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21999843

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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