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Chocolates may pinch you a little more as global cocoa prices soar

Chocolates may pinch you a little more as global cocoa prices soar
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Andhra Pradesh , City Of , United Kingdom , Coted Ivoire , Ivory Coast , Nitin Chordia , Devabhaktuni Durga Prasad , El Nino , Dp Cocoa Products Pvt Ltd , Fitch Solutions , International Cocoa Organization , Intercontinental Exchange , Managing Director , West Godavari ,

Chocolates may bite as rise in demand pushes cocoa prices at 46-year-high

Most chocolates contain 50% sugar and only 30% cocoa, thus the impact on chocolates will not be as steep as in the prices of cocoa ....

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'ASEAN, other free trade pacts hurting domestic cocoa processing sector'

‘ASEAN, other free trade pacts hurting domestic cocoa processing sector’
May 03, 2021
Higher duty for raw material, but processed products imported duty-free, says industry
The domestic cocoa processing industry is aggrieved that India’s free trade agreements (FTAs) with the Association of South-East Asian Nations (ASEAN) and other nations are hurting its competitiveness given an inverted duty structure affecting their operations.
In the case of the FTAs with ASEAN, a significant portion of processed cocoa products such as cocoa butter and powder are imported from ASEAN countries such as Indonesia, Malaysia and Singapore at zero customs duty.
At the same time, when the processing units want to import cocoa beans from African nations, they have to pay 33 per cent Customs duty, which denies them an even playing field. ....

Andhra Pradesh , Coted Ivoire , Jakarta Raya , Ivory Coast , Devabhaktuni Durga Prasad , Dp Cocoa Products Pvt Ltd , Commerce Ministry , For The Centre , Association Of Southeast Asian Nations , Southeast Asian Nations , Managing Director , Prime Minister , Free Trade Pacts , ஆந்திரா பிரதேஷ் , ஜகார்த்தா ராய , தந்தம் கடற்கரை , வர்த்தகம் அமைச்சகம் , அல்லது தி மையம் , சங்கம் ஆஃப் தென்கிழக்கு ஆசிய நாடுகள் , தென்கிழக்கு ஆசிய நாடுகள் , நிர்வகித்தல் இயக்குனர் , ப்ரைம் அமைச்சர் ,