US EditionPodcast [English World] Episode 135: Inflated chocolate prices on Valentine's Day
Tony's Chocolonely plans to invest in supply chain resilience and farmer support amid a 30% drop in cocoa prices this year, maintaining consumer prices despite cost decreases.
- On Feb 3, Tony's Chocolonely said it will invest lower cocoa prices in its supply chain and not cut retail prices, highlighting its 240 million euro business scale.
- After the 160% surge in 2024, a global surplus pushed internationally-traded cocoa prices down almost 30% this year, and Lamont says the industry can now invest without margins eroding.
- Tony's raised retail prices about 20-30% in the last 12-18 months, and cocoa processor Barry Callebaut reported sales volumes fell 9.9% in the September–November quarter while Tony's pays a premium to support farmers.
- The move comes as some large suppliers cut forecasts and volumes fall, with Tony's volumes rising 4% in its last financial year while Nestle and Mondelez report declines.
- Tony's sources cocoa through its Open Chain initiative used by Albert Heijn and Waitrose, and declined to specify farmer wage increases, noting most earn less than $1 a day.
14 Articles
14 Articles
Cocoa prices have fallen sharply on the stock exchanges. Some retailers are now lowering chocolate prices. After years of drastic price increases, consumers can hope for further relief. By Angela Göpfert.
DECRYPTAGE - While prices are expanding on international markets, this decline is still not reflected in supermarkets. In the midst of trade negotiations, industry and distributors are looking at the slow pace of price declines.
Good harvests in West Africa drop cocoa prices on commodity exchanges. Chocolate is also a bit cheaper for consumers in Germany. Experts do not expect a return to the previous price level.
Here you will find information on the topic "Food prices". Read now "More cocoa harvested: chocolate is sometimes cheaper".
Because of the sharp rise in prices, many people eat less chocolate. Now, however, relaxation is indicated.
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- 50% of the sources are Center
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