Hungary: The confectionery industry is facing a serious crisis

The cocoa crisis is causing serious problems in the confectionery industry, the effects of which can already be felt in Hungary. The decrease in consumption is at a level not seen for decades, and due to the increase in prices, people have to give up their favorite sweets. Alexander the lame According to what was said at HUNBISCO's Easter press event, the consumption of sweets is decreasing in all main categories, which can also be felt in Hungary. According to Sándor Sánta, president of the Association of Hungarian Confectionery Manufacturers, in recent years there has been no decrease in consumption in all categories of sweets. Last year was particularly difficult, as consumption fell significantly even during the Easter period, although this holiday is generally stable in terms of the candy market. One of the main reasons for the problem is the significant increase in the price of cocoa on world markets. Cocoa-producing countries in Africa, such as Ghana and Ivory Coast, are ...