Why the global cocoa market is melting down
Toblerones could soon become luxury goods
![A cocoa farmer dries cocoa beans near Abengourou, eastern Ivory Coast.](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20240511_FNP502.jpg)
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?
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