Amul chocolates face potential 10-20% price increase due to cocoa bean price surge in India.
Amul chocolates may face a price increase of 10-20% due to a surge in cocoa bean prices in India. The price of cocoa beans has risen from around Rs 150-250 to Rs 800, impacting not only chocolate makers like Amul but also dairy firms and ice cream brands. Global chocolate manufacturers are considering raising prices or reducing product sizes in response to the increased cocoa costs.
April 07, 2024
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