Cocoa crunch: Woe for chocoholics as prices soar to highest level in a decade | Business

The cost of wholesale cocoa beans soared to the highest level in more than a decade, and manufacturers are betting prices of the key chocolate ingredient will stay elevated through 2024. That’s mainly because production in West Africa, a region that accounts for two-thirds of the world’s bean harvest, is faltering.Bean processing

That’s prompted executives from top manufacturers Lindt & Spruengli AG and Hershey Co. to warn this week that further price hikes can’t be ruled out, even after consumers have already had to swallow higher costs for their products.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA CEO pledge: Partnerships between business and govt can work, but leave the politics out | BusinessThe CEOs of two of SA's biggest private sector employers said on Thursday they are already seeing the fruits of closer ties between business and the government in the battle against SA's power, logistics, and security crises. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Panyaza Lesufi's govt offers jobs, business opportunities to Gauteng's youth | News24Gauteng Premier Panyaza Lesufi is looking for 12 000 young people to install free internet and wi-fi in townships, informal settlements and hostels, as well as another 6 000 to become data captures. | Malaika_Dee
Source: News24 - 🏆 4. / 80 Read more »