🧵 1. Mondelez stands firm: Oreo cookie prices won't increase despite cocoa chaos in West Africa. CEO remains optimistic about drop in cocoa prices next year. #business
🧵 1. Mondelez stands firm: Oreo cookie prices won't increase despite cocoa chaos in West Africa. CEO remains optimistic about drop in cocoa prices next year. #business
🧵 2. Mondelez reassures investors on prices for chocolate-based products. CFO expects costs to decrease, willing to navigate temporary gap to maintain sales volume.
🧵 3. Cocoa prices hit $10k/ton as Ivory Coast and Ghana face shortages. Mondelez prepared for lower cocoa prices, aims to protect market share, volume.
🧵 4. Despite skyrocketing cocoa prices, Mondelez ready to weather storm and maintain prices for consumers. Will slumping cocoa costs come to fruition next year?
🧵 5. Trader Pierre Andurand bullish on cocoa reaching $20k/ton. Mondelez's strategy to wait for price drop could impact consumers. Cocoa market outlook uncertain.
🧵 Read more at: https://www.zerohedge.com/commodities/mondelez-says-oreo-cookie-prices-wont-be-hiked-despite-cocoa-chaos-west-africa