Published 5 days ago • loading... • Updated 4 days ago

Cocoa prices have come down, but that doesn't mean Easter chocolate will be cheaper

Despite cocoa futures falling closer to US$3,000 per tonne, chocolate manufacturers are maintaining current retail prices for Easter products this season.
Tim Webb, partner in supply chain and procurement at KPMG Canada, explained that chocolate production cycles run 12 months ahead, meaning manufacturers retooled equipment and altered recipes months ago.
"The actual cocoa chocolate that is in a slab... has been reduced," Webb said, as Jo-Ann McArthur, president of Nourish Food Marketing, noted reversing these changes involves significant costs.
Dirk Van De Put, chief executive of Mondelez International Inc., told investors last month the price decline in cocoa futures "bodes very well" for 2027, expecting higher margins.
Smaller chocolatiers may leverage spot-buying to produce high-quality products while Amanda Norris, senior economist at Farm Credit Canada, noted manufacturers constantly monitor consumer demand for competitive advantage.

Insights by Ground AI

11 Articles

Le Devoir

Center

The Price of Cocoa Is Falling, but Consumers Will Not Benefit From it...

Easter chocolates currently in store were produced before the price of raw cocoa went down again.

4 days ago·Montreal, Canada

Read Full Article

The Toronto Star

+2 Reposted by 2 other sources

Lean Left

Cocoa prices have come down, but that doesn’t mean Easter chocolate will be cheaper

Chocolate manufacturers made fundamental changes in recent years after a perfect storm of conditions wiped out cocoa yields and pushed prices to historical highs.

5 days ago·Toronto, Canada

Read Full Article