In the News: Cocoa Prices on the Rise
Have you heard the news?
This is taken from CNBC, published March 26, 2024:
“Consumers could start to see the effect of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, disease and failing trees.
Cocoa futures for May delivery surged to an all-time intraday high of $10,080 per metric ton Tuesday before ending the day down 0.3% to settle at $9,622. Cocoa has more than tripled in cost over the past year and is up 129% in 2024.”
And here’s a graph to illustrate the surging price of cocoa:
[graph]
Why are we telling you this? We sort of know you look for sources other than Momentum Chocolate & Gift Store blog for your daily news report.
All to assure you that when (no, not if:( ) we raise the price of our chocolate pralines, it’s not because we’re looking to increase our income by 130% (although that would also be nice. Customer referrals, please!) It’s because we don’t have a choice – if we’re to stay afloat in the chocolate making business.
And we know you want us to stay around to keep treating you and your loved ones in Israel with the best Belgian kosher pralines in the market. So, that’s the deal.
But… the good news is… although the price of cocoa has risen dramatically since January, we’re not going to raise our prices before Shavuos.
The countdown has begun. Order now, while price lasts!
And in another news development, we’ve hired a new florist for Momentum Blossoms, our fresh flowers division department! Coming with years of experience working as a florist in London, she brings her floral flair to Momentum, just in time for Shavuos.
Good looks. Great taste. You can’t get better than that!
Here’s some eye candy for you:
Avoid the last minute rush – order now!!!