Why the global cocoa market is melting down
Toblerones could soon become luxury goods
BARRY CALLEBAUT, the world’s largest maker of bulk chocolate, is full of beans. Its share price has jumped by 20% since April, when it reported higher sales volumes despite a steep rise in the cost of cocoa. Peter Feld, its boss, told investors not to worry about expensive ingredients: “What goes up fast comes down fast.”
This article appeared in the Finance & economics section of the print edition under the headline “Bitter prospects”
Finance & economics May 11th 2024
- What would get China’s consumers spending?
- How Ukrainian farmers are using the cover of war to escape taxes
- Why the global cocoa market is melting down
- Against expectations, European banks are thriving
- Banks, at least, are making money from a turbulent world
- What Xi Jinping gets wrong about China’s economy
- Could America and its allies club together to weaken the dollar?
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