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Stock impact report

Insiders reveal concerning trend unfolding in the global chocolate industry: 'We've had a big crash…' [Yahoo! Finance]

Marex Group plc - Ordinary Shares (MRX) 
Company Research Source: Yahoo! Finance
One X user put into words what most people were thinking, writing succinctly, "Oh no." Another quipped , "What they substitute? Sawdust?" Now, at a time when up to 40% of the world's food supply goes to waste, the global chocolate industry is facing a new struggle as cocoa prices begin to stabilize. What's happening? Bloomberg reported that the cocoa industry is facing a surplus after chocolate makers began substituting cocoa in their offerings for cheaper ingredients, including fillers like nuts. "We're not looking at a big surplus because we've had a big recovery in production. It's because we've had a big crash in final demand and changes in recipes," said Jonathan Parkman, head of agricultural sales at commodities brokerage Marex Group. Cocoa futures hit a record high in December 2024 after a prolonged drought in West Africa, which produces 80% of the world's cocoa, contributed to a poor harvest. In response, chocolate makers began adjusting their recipes to avoid sti Show less Read more
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