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Chocolate price increase

101 topic: News, World

World prices for chocolate will increase sharply due to the rising cost of palm oil and its cheap analogue of palm fat.

Now a ton of palm oil costs $1091. This is the maximum level. The growth is 120% per year.

If companies use other raw materials, production will be more expensive.

The main suppliers of palm oil are Malaysia and Indonesia (84 % of the world market). The coronavirus pandemic has caused a shortage of labor in these countries and led to a reduction in production.

 

 

 

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