Chocolate products have become more expensive on the back of soaring cocoa prices, but there is not likely to be a shortage
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Local farmers gather dried cocoa beans to be weighed before selling them to merchants in a village outside of Kumasi, Ghana.
From 1 October to 10 March, cocoa imports from Côte d’Ivoire fell 29% compared with the same time period last year. “Still, the demand could differ among various product categories. Broadly, there should be a decline in sales,” Sihlobo said. “With cocoa prices hitting record highs, chocolate manufacturers are facing significant cost pressures which will result in price increases as we look to offset other input costs.
Tiger Brands, which owns sweet-maker Beacon, said the supply of cocoa products and the upward pressure of cocoa prices had an effect on the cost of producing chocolate.
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