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Stock impact report

Chocolate prices remain elevated this Easter due to cocoa price spikes [BNN Bloomberg (Canada)]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: BNN Bloomberg
Cocoa prices have risen significantly in the past couple of years as crops in key cocoa-growing countries have been hit hard by a number of factors, including extreme weather. Cocoa prices on financial markets soared above US$12,000 per ton in 2024. Recently they have been hovering around US$8,000 per ton, but that's still way up from where they were before — hovering around the US$2,000 mark in 2022, according to data from Refinitiv. For chocolate makers, raising the price of their products has been a necessity, especially if they want to keep producing the same quality their customers are used to. “When your price of chocolate triples ... you cannot keep the same price. It's impossible,” said Daniel Poncelet, owner of Vancouver-based Daniel Chocolates. “We make high-end chocolate, and we cannot kill our business by actually offering a lower-quality taste.” Poncelet estimates the price of his chocolate Easter bunny has doubled in just a couple of years. Prices of confect Show less Read more
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