Cocoa prices surge on tighter supplies
January 26, 2009
By Confectionery News
Jan. 26, 2009 – Chocolate makers are set to absorb yet more
price rises for their key ingredient cocoa after prices crashed through
the £2,000 (C$3,399) a tonne barrier last week.
Jan. 26, 2009 – Chocolate makers are set to absorb yet more
price rises for their key ingredient cocoa after prices crashed through
the £2,000 (C$3,399) a tonne barrier last week.
May cocoa futures on London's LIFFE exchange reached £2,005 a
tonne, brushing close to the record high prices of $3000 a
tonne achieved on the New York Futures in June last year.
While other key inputs for manufacturers have seen some relief in
recent weeks – notably oil – the surge in costs for cocoa could see
pressure on chocolate makers, once again, to push price increases onto
their customers. | FULL STORY
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