Chocolate News
We Have Some Really Bad News for Chocolate Lovers
THESTREET.COM That chocolate craving is going to get harder to satisfy. Ivory Coast, Ghana, Cameroon and Nigeria account for nearly 75% of the world’s cocoa bean harvest. Right now, El Niño is threatening western African crops, which could create higher prices come 2024.Theo Chocolate to close Seattle manufacturing, cut jobs amid merger
Theo Chocolate is shutting down its Seattle manufacturing operations and cutting dozens of jobs amid a merger with the American Licorice Company.
Happy World Chocolate Day! July 7, 2023
Bill introduced to keep chocolate milk in schools
Rep. Tom Tiffany, a Republican from Wisconsin, introduced legislation to stop the White House from excluding flavored milk in schools. The MILK Act, which stands for “Milk is Indisputably Liked by Kids,” proposes amending the National School Lunch Act to require schools to offer flavored milk in their lunch programs. “The Biden administration wants to exclude chocolate milk from being offered at schools across America. We believe that milk should be offered, including chocolate milk,” Rep. Tiffany said. “In fact, I think it’s a great tradition. I remember back when I was in school—every Friday, we had chocolate milk.”
Chocolate is set to get more expensive as cocoa prices soar to seven-year highs
Chocolate prices have risen by 14% in the past year, according to consumer intelligence database NielsenIQ. Sugar, another principal ingredient of chocolate, is also seeing price spikes — breaching an 11-year high in April. Among the different varieties of chocolate, prices of dark will reportedly be the hardest hit.