Ecuador: The high cost of cocoa paints a 'bitter future' for chocolatiers

The favorite candy for many, chocolate, will rise in price due to the pressure caused by the record cost of cocoa, the main raw material for making it. In one year, a ton has become more than 100% more expensive. Yesterday, Friday, February 9, 2024, in the United States it closed at $5,582. We invite you to read: The ton of cocoa sets a record price: $5,246 per ton In Ecuador, one of the main internationally recognized brands, Pacari, indicated that in this context it cannot be avoided to raise the price of the product when the raw material rises more every day. Bloomberg, the platform specialized in economic and financial information, even estimates that a ton will cost $6,000 this year. “The increase is affecting us, so much so that we are going to have to raise the price of chocolate and it is a value that we have maintained for 15 years,” Santiago Peralta, manager of Pacari, told Diario EXPRESO. The benefit is for the producer who receives better income per sack, but not for ...