Mondelez, Hershey, and Nestle stock prices have retreated as concerns about the cocoa market intensified. Nestle, the giant Swiss giant, retreated to CHF 95.55 on Thursday, 18% below its highest level in 2023.
Cocoa now costs more per tonne than copper, parents can tell their children when they hand over a smaller Easter egg this weekend. Futures prices for cocoa today bubbled up above $10,000 per tonne for the first time, following a 130% increase so far this year - more than Nvidia's 95% gain.
Hershey , Mondelez and other confection-makers are employing promotions and pitching more non-chocolate Easter treats like cookies 'n' cream bunnies at a time when soaring cocoa prices threaten their profits and shoppers balk at high prices.
Among publicly traded securities, so-called socially responsible stocks may be one of the most controversial categories. Basically, an underlying assumption exists that if you support sustainable policies, you sacrifice profitability.
Easter is almost here, and record-high prices for cocoa shouldn't squash the celebratory mood for parents looking to fill their children's baskets with chocolate bunnies and candy-filled plastic eggs.
To celebrate, Chips Ahoy! Cookies is teaming up with Emmy-winning multihyphenate actress, musical artist and host Keke Palmer to spread the news and MMMprove one lucky winner's summer with a weekend "re-treat" at a luxury Malibu beach house inspired by Chips Ahoy!
Mondelez is a global leader in key snack categories and is gaining market share. Emerging markets such as Latin America to drive most of the growth. Solid as a defensive play but investors should keep an eye on debt levels.
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