Tag: cocoa
Vanuatu Cocoa becomes high grade chocolate in tiny Australian factory
Vanuatu Cocoa becomes high grade chocolate in tiny Australian factory that makes bespoke chocolate. The New South Wales town of Mudgee, in the Cudgegong Valley, has a reputation as the hub of a wine region and as a tourist destination, but it is also home to a small bespoke chocolate factory. Luke Spencer runs the … Continue reading Vanuatu Cocoa becomes high grade chocolate in tiny Australian factory
Chocolate and candy prices going up
Hershey (HSY) said this week it’s going to raise prices by 9.7%, a move that many people expect competitors to follow. The entire industry is facing huge price increases for raw ingredients — the cost of sugar has more than doubled in the past year — and can no longer absorb the higher expenses. In … Continue reading Chocolate and candy prices going up
Stunning Cocoa Grab Could Hike Prices, Lower Quality
Parents worldwide may agree that too much chocolate is a bad thing, but one British hedge fund manager clearly would differ. Last week Anthony Ward, manager of the hedge fund Armajaro Holdings, made a big bet on the rising price of chocolate by picking up about $1 billion worth of cocoa beans. And in a … Continue reading Stunning Cocoa Grab Could Hike Prices, Lower Quality