Chief Executive Officer Adalbert Lechner stated that the global chocolate market is facing a slowdown due to high cocoa prices, with price increases for consumers helping offset the impact. He expects cost inflation to continue into next year.
Futures fell 2.6% after a 9.2% increase in the prior session due to concerns about shortages caused by poor harvests in West Africa. Price volatility is expected due to uncertainties in market demand.
Consumer prices have doubled in response to historic cocoa shortages from West Africa. Although production improvements are anticipated with better weather, market fluctuations are likely to persist.
#cocoa-prices #global-chocolate-market #market-pressures #price-volatility #supply-chain-disruptions
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