Cocoa Prices (CC=F) have been on the rise due to problems with cultivators in West Africa, climate change, and complexities involving futures markets in regards to supply and demand.
Master Chocolatier and Jacques Torres Chocolate Founder and CEO Jacques Torres joins Yahoo Finance to break down the situation with cocoa prices and what can be done to remedy the situation.
Torres elaborates on how he is coping with the high prices, saying, "We might put a little bit more inclusion into the chocolate," so adding extra nuts, for example, to offset the use of less chocolate. "If your almonds are a little less expensive than your chocolate, you're going to a little bit more almonds," he says.
#youtube #news #chocolate
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
28 май 2024
