Prices of chocolate and other sweets may increase during the summer months due to the rapid increase in cocoa bean prices. According to this view, according to the data “Rossiyskaya Gazeta”Experts interviewed by the publication agree.
On Friday, February 9, cocoa futures broke a record, rising to $5,874 per ton. Annual growth was almost 100 percent.
The reasons for the increase in prices include drought in West Africa, which will reduce the harvest, and logistics problems over the Red Sea. According to REU professor Vyacheslav Cheglov, futures only reflect the trend. The market is affected not only by the decrease in supply but also by stocks. The increase in sales prices was moderated by existing reserves.
According to Cheglov’s estimate, the price of mass-produced chocolate could increase by 10-15% by summer. Prices of luxury goods will also increase, but the exact growth is difficult to predict. However, harvests may exceed expectations and prices may fall. Large chains will likely offer promotions to retain customers.
Denis Ternovsky from IPEI also believes that an increase in the prices of chocolate and sweets is inevitable against the backdrop of expensive cocoa. As people prefer cheaper products, consumption of products with less cocoa content may increase.
Before that, chocolate in Russia compared He urged not to wait for price reductions with black caviar.
The share of imported salt in the Russian market before grew up.