Cocoa has not been so cheap for ten years
Global cocoa prices reached near historically low levels for ten years with continuous decline. The decline was caused by the fact that the increase in Chinese demand is less than expected, therefore a surplus occured – the CEO of the Conclude Investment Ltd. told MTI.
Juhász Gergely said that the International Cocoa Organization (ICCO) forecasted in March that the supply of cocoa on the world market could exceed its demand for a longer time. Basically, this prognosis resulted in the decline in cocoa prices since April 2016. (MTI)
Related news
Valentine’s Day chocolate gift giving has become a luxury
In Belgium, Valentine’s Day chocolates have traditionally symbolized the intensity…
Read more >KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Milka chocolates will be smaller due to the increase in cocoa prices
Chocolate production is undergoing significant changes worldwide, as the drastic…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Billion-dollar dividends, stable turnover of one trillion – this is how the National Tobacco Shop Supplier Ltd. performed in 2024
The National Tobacco Shop Supplier Ltd. (ODBE) has once again…
Read more >The domestic gin market is on the rise – According to SPAR, customers are increasingly aware and open to Hungarian brands
Gin sales have grown spectacularly in Hungarian retail in recent…
Read more >