DROUGHT IN CALIFORNIA INCREASES ALMOND PRICES FOR CONFECTIONERS
May 22nd, 2015
The global confectionery and sweet bakery sectors have been hit hard by California’s worst ever drought, lasting since 2011, which has devastated its critically important production of the key ingredient almonds. The result has been scarcity and rising prices for this nut, worldwideSylvia Kälin, head of corporate communications for Lindt & Sprüngli, in Switzerland, said the shortage has helped increase the price of chocolates that include almonds, at a time when cocoa prices are also rising: “Even if we always attempt to counter— at least partially— ...
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