The cost of chocolate in Russian retail increased by 3% during the year and amounted to 866.8 rubles per kilogram in January 2024. TASS writes this, citing data from the Rusprodsoyuz food producers association.
Rusprodsoyuz noted that in parallel with the increase in final product prices, the prices of cocoa beans, the main raw material of chocolate factories, also increased. Prices on stock exchanges now exceed 7 thousand dollars per ton, which is a record level in recent decades.
As of March 5, the price of cocoa on the stock exchange is $7,057 per ton. Thus, it increased by 36% during the month and 155.6% during the year. Rusprodsoyuz explained that cocoa is imported and its cost is affected by exchange rates and increased logistics costs.
“Cocoa accounts for at least 50 percent of the cost of chocolate. Therefore, the increase in basic raw material prices, when combined with other factors, may cause a further increase in final product prices,” he warned.
Previously, chocolate manufacturers started The share of cocoa was reduced due to record prices.
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