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Lindt CEO issues chocolate price warning over Africa cocoa premium

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He warns consumers to expect price increases across the board in the next few months. FMTNews Lindt Cocoa

ZURICH: Lindt & Spruengli AG warned that the premium imposed by the world’s largest cocoa growers in West Africa will give chocolate manufacturers little choice but to raise their prices.

Mars Inc and Nestle SA are among chocolate producers that have started buying cocoa for the 2020-21 season with the premium. “That’s not them being accommodating,” he said. “It’s just that now demand is already suffering a bit. They already can’t really demand that premium.”

 

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