Chocolate News

How sweet it isn’t: Cocoa prices hit record highs ahead of Easter holiday

CBSNEWS.COM Cocoa futures have surged this year, roughly doubling since the start of 2024. Rising temperatures and weather conditions have stressed and damaged crops in West Africa, which produces more than 70% of the global cocoa supply. Big chocolate companies like Hershey’s and Cadbury maker Mondelez have been passing those costs on to consumers — and then some: Hershey’s net profit margins ticked higher to 16.7% in 2023 from 15.8% in 2022. Mondelez reported a jump to 13.8% in 2023 from 8.6% in 2022.  

Blommer Chocolate closing downtown Chicago manufacturing plant

ABC7CHICAGO.COM

Blommer Chocolate announced in a news release Friday that it would close its Chicago manufacturing plant and expand and transform other facilities. The Chicago facility, located at 600 W. Kinzie St., is the original manufacturing plant of the Blommer group, founded in 1939. The Chicago location opening in 1939 made Blommer the third largest industrial chocolate maker in the world.

Why chocolate prices are likely to skyrocket soon

SALON.COM

According to Food & Wine, cocoa prices are at a 47-year high. What caused this? Inflation plays a part, but the bigger issue at hand is that cocoa cultivation in both Africa, specifically Ghana and the Ivory Coast, and Ecuador has reportedly become much more complicated due to drier weather patterns and rainfall changes. In addition, there was a shortage of cocoa “due to that unfavorable weather coupled with crop disease and smuggling” in Ghana; the smuggling is thought to have accounted for approximately 600 million in lost revenue as per the Agence France-Presse (AFP).

 

Eating Chocolate Every Day Has An Unexpected Effect On Your Gut

HEALTHDIGEST.COM

“Chocolate is basically fermented beans. It’s made from cocoa which is a prebiotic fiber, a type of fiber your gut microbes love to digest and turn into useful molecules for your gut,” explained National Health Service general surgeon Dr. Karan Rajan.

 

Hey, Chocolate Lovers: New Study Traces Complex Origins of Cacao

NTD.COM

Scientists are getting a better taste of the early history of the domestication and use of cacao—the source of chocolate—thanks to residues detected on a batch of ancient ceramics from South and Central America. Using evidence from these artifacts, the researchers traced the rapid spread of cacao through trade routes after its initial domestication more than five millennia ago in Ecuador. They showed cacao’s dispersal to South America’s northwestern Pacific coast and later into Central America until it eventually reached Mexico 1,500 years later.