Bitter sweets: chocolate to cost more for Australians as cocoa prices hit 50-year peak
Written by Calla Wahlquist from the Guardian
Consumers may see chocolate bars become smaller or drop in quality if companies try shrinkflation or skimpflation to cut cost, researcher says
Chocolate prices are expected to soar again as cocoa commodity prices hit their highest level in nearly 50 years, the research arm of global agriculture and commodities bank Rabobank has warned.
Cocoa prices peaked at nearly $12,000 USD per tonne in the first half of 2024 in response to a global cocoa shortage.
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Written by Calla Wahlquist from the Guardian
Consumers may see chocolate bars become smaller or drop in quality if companies try shrinkflation or skimpflation to cut cost, researcher says
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Chocolate prices are expected to soar again as cocoa commodity prices hit their highest level in nearly 50 years, the research arm of global agriculture and commodities bank Rabobank has warned.
Cocoa prices peaked at nearly $12,000 USD per tonne in the first half of 2024 in response to a global cocoa shortage.
Sign up to receive Guardian Australia’s fortnightly Rural Network email newsletter
Continue reading...
Since you’re here …
… we have a small favour to ask. More people are reading the Guardian than ever but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help. The Guardian’s independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our perspective matters – because it might well be your perspective, too.
If everyone who reads our reporting, who likes it, helps fund it, our future would be much more secure. Support the Guardian – it only takes a minute. Thank you.
