Chocolate lovers may want to stock up ahead of Easter and Eid as rising cocoa prices threaten to push confectionery costs even higher.
Years of poor harvests in Ghana and the Ivory Coast, the world’s top cocoa producers, have significantly reduced supply, leading to soaring prices for chocolate manufacturers and consumers alike.
Mondelez International, the parent company of British confectionery giant Cadbury, has warned of declining profits in 2025 due to what it describes as “unprecedented cocoa cost inflation.” Similarly, Swiss chocolatier Lindt has flagged “record-high cocoa costs, substantial price increases, and weakened consumer sentiment” as key challenges.
The situation is further compounded by a weak sugar crop in 2024, adding to cost pressures across the industry. With prices likely to continue rising, shoppers may find it wise to purchase their chocolate treats sooner rather than later.
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