Tridge summary
The production of cocoa beans has significantly declined due to harsh weather conditions and other factors, primarily in Africa, leading to a record surge in cocoa futures prices, even surpassing copper prices. This increase has caused the cost of imported chocolate from Europe to rise by 20% for local cake manufacturers like Delcie’s Desserts and Cakes, which is known for its low-sugar and low-fat cakes. With cocoa prices soaring by about 60% in three months, the sustainability of chocolate cake sales is under threat, pushing manufacturers to consider halting sales if they cannot adjust selling prices to cover the rising costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The production of cocoa beans has been reduced due to harsh weather, and chocolate manufacturers have launched a "fight". The futures price once soared to US$9,649 per metric ton, which is even more expensive than copper. Some local cake manufacturers pointed out that the cost price of imported chocolate from Europe has increased by 20% this year. , if it continues to rise without adjusting the selling price, the sale of chocolate cakes may have to be suspended. According to comprehensive media reports, bad weather and other factors have caused poor harvests in Africa, the main source of cocoa beans, and supply is expected to be significantly reduced. Cocoa beans are an essential raw material for making chocolate, and the supply will be reduced, causing futures prices to soar to record highs. The increase was approximately 60% in ...
Source: Zaobao
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