MDLZ - Surging Cocoa And Sugar Prices Are Double Trouble For Chocolate Makers In 2024

2024-03-27 04:00:23 ET

Summary

• Cocoa prices have doubled in the first 2.5 months of 2024 and have rallied by over 300% in less than two years.
• Adverse weather conditions and disease outbreaks in cocoa-producing regions have triggered a supply crunch and disrupted cocoa bean development.
• The surge in cocoa prices is forcing chocolate producers to adopt strategic measures to mitigate the impact on their bottom lines.

By Andrew Prochnow

During the first 2.5 months of trading in 2024, the meteoric surge in cocoa prices has been nothing short of remarkable.

So far this year, cocoa prices have already doubled. However, the true magnitude of the cocoa rally is even more astounding when viewed through a wider lens....

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