Cocoa bean futures at all-time high
Market scrambles for limited supplies.
Source: bakingbusiness.com
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Record cocoa prices heading into Valentines Day proves to be a headache for sweets king Hershey
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West Africa is being blamed for damaging crop yields, which is pushing cocoa prices higher.
Source: yahoo.com
Hershey earnings feel impact of cocoa prices
Implementing a software program also affects the fourth quarter negatively.
Source: bakingbusiness.com
Why cocoa prices are a headache for Hershey ahead of Valentine's Day – NBC10 Philadelphia
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate.
Source: nbcphiladelphia.com
Sugar-Free Food And Beverages Market to grow by USD 40.13 billion from 2022 to 2022; North America accounts for 41% of the market growth during the forecast period
/PRNewswire/ -- The sugar-free food and beverages market is set to grow by USD 40.13 billion from 2022 to 2027 progressing at a CAGR of 9.53% during the...
Source: prnewswire.com