"You're right it is smaller. The Terry's Chocolate Orange on shop shelves this Christmas weighs 12g less than it did this time last year. That's a decrease in size of 8% not as big a cut as when the product lost 10% of its mass in 2016, but a further whittling away of a favourite Christmas treat. Prices have been going up too, although it's been a series of increases."
"Figures from market researchers Assosia show that across the big four supermarkets, the full price of a cChocolate oOrange has increased from 1.24 in December 2022 to about 2.25 today a rise of 81%. If you factor in the size reduction, you're actually paying 96% more. And it's not just the Chocolate Orange. Other Christmas favourites have also been shrinking in the UK Toblerone and Quality Street boxes among them"
"So why are we paying more for less? Simply, it's the rising cost of almost everything that goes into producing chocolate: cocoa, sugar, milk, packaging, transport and wages. Mondelez International, one of the biggest chocolate makers in the world and the owner of Cadbury and Toblerone, says it is experiencing significantly higher input costs across our supply chain. Not only do ingredients cost far more than previously, other costs like energy and transport also remain high."
Terry's Chocolate Orange has lost 12g (about 8%) since last year, following a 10% mass reduction in 2016, and prices have risen sharply. Market data show the full price moved from £1.24 in December 2022 to about £2.25 now (an 81% rise); accounting for size cuts implies a 96% effective increase. Other seasonal chocolates such as Toblerone and Quality Street have shrunk, and some snacks now label 'chocolate flavour' due to reduced cocoa and increased palm and shea oils. Rising costs for cocoa, sugar, milk, packaging, energy, transport and wages, exacerbated by climate impacts on West African cocoa, underpin these changes.
Read at www.theguardian.com
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