The Economy, Stupid
Choconomics: The Rising Cost Of Chocolate
Mar 28, 2024
Tina Angelidis and Pia Piggott discuss the rising cost of cocoa beans and its impact on chocolate prices. They explore challenges faced by cocoa farmers, the use of futures contracts in managing costs, and ethical sourcing issues in the industry. The episode also touches on the significance of Easter for chocolate sales and the luxury aspect of chocolate amidst price increases.
29:06
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Cocoa prices have soared due to poor harvests and deficits, necessitating post-Easter price adjustments by chocolate retailers.
- The chocolate industry is focusing on sustainability and ethical practices, with initiatives like the Chocolate Scorecard promoting traceability and fair practices.
Deep dives
Importance of Easter for Retailers
Easter is a crucial event for retailers, especially in the winter season, as it can account for up to 70% of profits for boutique chocolatiers and around 25% for larger chocolate companies. Planning for Easter starts early, with retailers like Tenor Angelita's highlighting the significance of Easter sales to navigate through quieter months like in June, July, and August.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
