‘Best year ever’: Mondelez sees cocoa inflation, political tensions as ongoing major challenges despite record profits

By Pearly Neo

05-Mar-2024 - Last updated on 05-Mar-2024 at 02:21 GMT

Confectionary giant Mondelez believes that inflation affecting cocoa and sugar, as well as ongoing political tensions in the Middle East are major challenges that it will need to overcome this year, despite having announced ‘record’ profits for 2023.

Read the full story here.

FNA Top 10 Feb 2024

Palm oil trade shift: Malaysia likely to emerge as big winner with UK’s CPTPP membership approval

Labelling transformations: Thailand stresses science and safety for new nutritional labels and health claims rules

‘No clarity’: India plant-based milk brands veer away from conventional dairy terms

No label, no problem: South Korea looks to mandate label-free packaging for drinking water over next two years

Premium push: Unilever India believes food sector growth lies in higher-priced value-added products

Not halal just yet: Singapore Islamic Council says ‘more rigorous’ parameters must be fulfilled for cultivated meat to be halal-certified

‘Best year ever’: Mondelez sees cocoa inflation, political tensions as ongoing major challenges despite record profits

3D food printing vital for creating plant-based alternatives, with buckwheat being ‘most promising’ ingredient – review

‘Maximising corporate value’: Asahi hopes massive group restructure will enhance advantages across four key markets

‘Potential still there’: Thai food industry experts still confident in plant-based meat appeal despite slow uptake

Related news

Show more

Follow us

Products

View more

Elevate your snacks with novel cheese flavours Givaudan | Download Product Brochure

Webinars

On-demand webinars

Headlines

Food & Beverage Trailblazers

F&B Trailblazers Podcast