Why the global cocoa market is melting down
Toblerones could soon become luxury goods
BARRY CALLEBAUT, the world’s largest maker of bulk chocolate, is full of beans. Its share price has jumped by 20% since April, when it reported higher sales volumes despite a steep rise in the cost of cocoa. Peter Feld, its boss, told investors not to worry about expensive ingredients: “What goes up fast comes down fast.”
This article appeared in the Finance & economics section of the print edition under the headline “Bitter prospects”
Finance & economics May 11th 2024
- What Xi Jinping gets wrong about China’s economy
- What would get China’s consumers spending?
- How Ukrainian farmers are using the cover of war to escape taxes
- Why the global cocoa market is melting down
- Against expectations, European banks are thriving
- Banks, at least, are making money from a turbulent world
- Could America and its allies club together to weaken the dollar?
From the May 11th 2024 edition
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Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer