The world’s largest business-to-business chocolate manufacturer Barry Callebaut has said that rising costs make an increase in chocolate prices “logical”.
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Speaking to just-food today (10 September), a spokesperson for the company said that raw materials account for about 25% of the price of a 100-gram tablet of chocolate. About half of this 25% – 12.5% – is cocoa.
“Given that the price for cocoa has doubled over the last 12 months it would be logical that chocolate prices increased by around 12%. If you then add higher energy, packaging and transport costs the price of branded consumer chocolate products would need to be 15-18% higher than it is today,” the spokesperson said.
Earlier in the week, CEO Patrick De Maeseneire had highlighted the impact rising costs were having on the industry in an interview with Swiss newspaper Handelszeitung.
However, Barry Callebaut emphasised that it is not predicting that this increase will be passed on to consumers.
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