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Bitter Easter import costs squeeze cocoa farms and brands
Cocoa farmers in Ghana Ivory Coast Nigeria and other West African producers face higher costs as drought dusty harmattan winds and disease cut yields. Global cocoa prices soar with exports down in Ivory Coast while Hershey Mondelez and Lindt post higher margins and plan further price rises. Consumers face pricier Easter chocolates amid industry demand.
MENTIONED IN THIS ARTICLE
Accra
Ghana
West Africa
Ivory Coast
Nigeria
Cameroon
Sahara
New York
Europe
United States
Hershey Company
Mondelez International
Toblerone
Cadbury
Wells Fargo
Mondelez
Luca Zaramella
Hershey's
Hershey
Michele Buck
United Kingdom
Lindt
Fufi Boafo
Ghana Cocoa Board