UM Today UM Today University of Manitoba UM Today UM Today UM Today
News from
Asper School of Business
UM Today Network

CTV Winnipeg: ‘Cuckoo for cocoa’: Chocolate prices on the rise ahead of Easter

An increase in chocolate prices could mean Easter eggs will be more egg-spensive this year.

According to experts, the spike in the seasonal sweet treats is due in part to high demand and the skyrocketing price of cocoa.

“Since November, cocoa prices went from US$3,000 a metric tonne to US$10,000 a metric tonne and the previous record was set back in July of 1977,” said Sylvain Charlebois, the director of the Agri-Food Analytics Lab at Dalhousie University. “People are going cuckoo for cocoa!”

He said the inflated cost is fueled by a “black pod” fungus infecting cacao trees, as well as flooding facing producers in Ghana and the Ivory Coast.

“Those two countries actually represent about two-thirds of the world’s coca production,” Charlebois said.

Robert Parsons, a sessional instructor in supply chain management at the University of Manitoba said high seasonal demand doesn’t help.

read full story

, ,

Recent Stories From UM Today

A camera in a can? Pop-up exhibition features student solargraphs

On April 5, 2024, from 9:00 a.m. to 4:00 p.m., students from ENGL 2140: Literature of the Victorian Period invite the UM community to a one-day pop-up exhibition Long Exposure: A Pinhole Photography Exhibition featuring images and written reflections on their experience using pinhole cameras to create solargraph images.,

, , , , , ,

Sex workers, marginalization and health in Africa

UM researchers in Kenya partner with the University of Nairobi to address the spread of infectious diseases among sex worker and sexual minority communities.

, , , , , , , , , , , ,

© University of Manitoba • Winnipeg, Manitoba • Canada • R3T 2N2

Emergency: 204-474-9341