Cocoa and Vanilla Prices Are on the Rise: How Businesses Can Navigate the Challenge. Experts outline strategies companies can use when dealing with price inflation and product shortages.

Akanksha Manchanda, a home baker from Delhi, adds, “Clients prefer vanilla, caramel, whipped cream and buttercream-iced cakes these days. The price of chocolate-based cakes has been raised by 50%.

Sweet-toothed consumers are facing double trouble with storms lashing the world’s top producer of vanilla – a beloved flavor for ice cream – even as surging cocoa prices bite into chocolate.

Cocoa prices continue to surge an eye-popping amount, with factors like weather, disease and market speculation playing a role in the spike. Cocoa is chocolate's key ingredient.

Prices were $4 to $4.20 per lb for 10% to 12% natural cocoa powder (East Coast points) on March 28, up from $2.05 per lb a year ago and $1.50 per lb two years ago.

Dry dairy ingredient prices also crept higher in 2024, but not with the fanfare of cocoa and eggs as the rise was gradual. Nonfat dry milk prices gained 18% on the year, dry whey was up 82% and 34 ...

The price of cocoa has risen dramatically in recent months, currently costing more than $8,000 a ton. Chocolate bars are more expensive as a result.

Nearby March cocoa futures traded at $5,801 per ton on February 9 after reaching a $6,030 high. The bullish price action has continued as the price increased and now looks down at the $6,000 level.

The price of chocolate-based cakes has been raised by 50%. The chocolate cake on my menu was for Rs 1800 and is now for Rs2700.” “Desserts and cakes with seasonal fruits are a way to go for ...