Oreo Maker Mondelez Aims To Keep Chocolate Affordable Amid Rising Cocoa Cost
Portfolio Pulse from Shivani Kumaresan
Mondelez International Inc. (NASDAQ:MDLZ) is aiming to keep chocolate prices affordable despite rising cocoa costs. CFO Luca Zaramella expressed optimism about declining cocoa prices next year, which could ease production costs. The company is monitoring cocoa market trends to time purchases effectively.
June 14, 2024 | 12:23 pm
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Mondelez International Inc. is working to keep chocolate prices consumer-friendly despite rising cocoa costs. CFO Luca Zaramella is optimistic about declining cocoa prices next year, which could ease production costs. The company is closely monitoring cocoa market trends to time purchases effectively.
Mondelez's strategy to keep chocolate prices affordable amid rising cocoa costs is likely to sustain demand and protect market share. The CFO's optimism about declining cocoa prices next year could alleviate cost pressures, positively impacting the company's financial performance.
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