Small chocolate firms likely to fare worse as cocoa prices climb

Morningstar DRBS said it expected consumers to change their spending patterns, as chocolate prices rise
Small chocolate firms likely to fare worse as cocoa prices climb

Cocoa beans: Prices climbed as much as 4% to head for a fourth straight increase

Soaring cocoa prices this year will likely hit small craft chocolate producers hard, while the chocolate giants will be protected by the strength of their brands, a leading corporate ratings firm has warned. 

Morningstar DRBS said it expected consumers to change their spending patterns, as chocolate prices rise and face paying for "products that contain less chocolate, and/or shrinking product sizes without shrinking prices". 

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