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Top related persons:
Billy Roberts - 3 “ - 3 ” - 3 Michele Buck - 2 Roberts - 2 ” Roberts - 2 Issaka - 2 Will Kletter - 2
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West Africa North Region Ghana Silicon Manhattan Ivory Coast Washington , North America
Top related orgs:
CNN - 2 NCA - 2 Rabobank - 2 Getty - 2 Cadbury - 1 “ Brands - 1 Industries - 1 International Cocoa Organization - 1

Search resuls for: "Billy Roberts"


4 mentions found


☆ As cocoa prices soar this Easter, chocolatiers consider alternatives
  + stars: | 2024-03-28 | by ( John Towfighi | ) edition.cnn.com   time to read: +7 min
CNN —Cocoa prices are surging so high, the Easter Bunny might want to hoard its chocolate. Poor climate and crop diseases in West Africa – home to 70% of global cocoa production – have tightened supply and caused prices to skyrocket. As prices rise, some chocolatiers are exploring cost-cutting alternatives, like diversifying their products to depend less on cocoa. Yet mining often destroys farms and the possibility of a livelihood in cocoa production, Issaka said. “Given the persistently high cocoa prices, it may be necessary for us to make responsible adjustments to pricing in the future,” the spokesperson wrote in an email.
Persons: Hershey’s, Shaquille O’Neal, Michele Buck, Billy Roberts, Roberts, ” Roberts, Issaka, Will Kletter, Kletter, “, Peng Xu, Christopher Taylor, Li, Taylor, ”, “ We’re, “ It’s, ” Taylor Organizations: CNN, Cadbury, NCA, “ Brands, Industries, International Cocoa Organization, Rabobank, US, ”, Euromonitor Locations: West Africa, North Region, Ghana, Ivory Coast, Silicon, Washington ,, Manhattan
☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
  + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com   time to read: +9 min
Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.
Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP
☆ Why orange juice futures are spiking
  + stars: | 2023-08-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN —Orange juice futures are hitting record highs because of bad weather and a nasty citrus disease. “Record-high orange juice prices in 2023 are a consequence of a very tight market, with smaller-than-expected production and low inventories,” he added. Spiking futures prices could mean higher prices at the grocery store, he said. On Walmart’s website, a 52-ounce bottle of Tropicana Original orange juice currently goes for about $4. Shoppers may not tolerate prices getting any higher, especially when they don’t see orange juice as a staple.
Persons: ”, Billy Roberts, Hurricanes Ian, Nicole, Chandan Khanna, Citrus, Mathew Joyner, Roberts, “, Andrés Padilla, Jack Scoville Organizations: New, New York CNN, OJ, Hurricanes, Getty, US Department of Agriculture, Citrus Mutual, Rabobank, Price Futures Group, Bureau of Labor Statistics Locations: New York, Florida, America, Brazil, Mexico, United States
☆ Pepsi is ditching Sierra Mist for a new Sprite rival
  + stars: | 2023-01-11 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Pepsi is reaching for the stars in its latest effort to take on Sprite. It’s replacing Sierra Mist, a 24-year-old brand that has failed to gain traction against market leader Sprite, which is owned by main rival Coca-Cola (KO). A Pepsi spokesperson told CNN that Starry has a “higher citrus flavors that are true to fruit and more aromatic” compared to Sierra Mist. Courtesy StarrySierra Mist launched in 1999 to much fanfare, however it never made much of a dent in Sprite’s dominance. Sprite, meanwhile, has grown its share of the soda market over the same time period to nearly 8%.
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