Hershey And Cadbury Chocolate Makers Eye Price Hikes To Cover Cocoa Crunch
The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices.
Source: esmmagazine.com
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Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
NEW YORK (Reuters) -The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit. Cocoa prices have roughly doubled over the past year, hitting a series of record highs in recent weeks due to shrinking supplies. Chocolate makers had been passing the rising costs on to consumers without losing much demand.
Source: yahoo.com
Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit.
Source: ksl.com
Big Brands Are Playing the Long Game in China
Apple, Mondelez and Procter & Gamble are bullish on consumer spending growth in China despite recent economic turmoil there.
Source: livemint.com
Cocoa prices, Utz's margins, Comvita's sales – the week in data
The week’s news includes Mondelez’s move to up prices against a backdrop of rising cocoa costs.
Source: just-food.com