Source: Charley's / Facebook
Australian specialty chocolate makers are considering how to pass rising costs on to consumers, as some small businesses say the cost of cocoa has doubled from pre-pandemic levels.
Global market prices for cocoa are approaching decade-high levels, after poor weather and disease hampered crops in West Africa, where the bulk of the world’s cocoa supply is grown.
Spot prices for commodity cocoa, used by major multinational chocolate brands, are now driving up the cost of cocoa produced in nations like Papua New Guinea, Samoa, and the Solomon Islands — regions favoured by some of Australia’s boutique producers.
Li Peng Monroe, founder of Canberra’s Jasper + Myrtle, said the business will have little choice but to pass costs on to her customers.
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