A record increase in chocolate prices is expected in Ukraine

Published 2025년 1월 9일

Tridge summary

Cocoa prices have seen a significant increase worldwide in 2024, leading to an anticipated rise in cocoa and chocolate prices in Ukraine within the next few weeks. The price hike, which has already resulted in a partial increase, is due to a surge in raw material costs. The potential price increase could reach up to 70% compared to the fall of 2024, affecting the cost of chocolate products. This situation was worsened by a sharp price jump on May 8, 2024, which set a new record, impacting chocolate producers and consumers negatively. Additionally, Ukrainian President Volodymyr Zelenskyy has extended the deadline for the registration of unclaimed shares until 2028 and passed a law restricting the use of palm oil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cocoa prices in the world have been growing throughout 2024, and the Ukrainian market is reacting to the price increase in three to four months due to stocks. This is reported by RBC-Ukraine. According to experts, the latest increase in cocoa prices, which occurred at the end of 2024, will affect Ukrainian prices closer to spring. The first increase in chocolate and cocoa prices in Ukraine should be expected within the next three weeks. Analysts note that in the last two months, prices on the exchange have increased by more than 50%, and some positions by 70%. This trend will continue. A partial increase in price has already occurred - about 5 - 7% depending on the brand and importer. Experts expect that in the coming weeks, chocolate and cocoa prices in Ukraine may increase by 50 - 70% compared to the fall of 2024. This increase is the result of an increase in the cost of raw materials at the cocoa bean collection sites. If the price of grated cocoa increases, a chocolate bar, ...

Source: Agropolit