Soaring Cocoa Costs Bring Rise In Chocolate Prices
(P.A.) DUNEDIN, Sept. 2.1 Chocolate prices will be increased substantially as from Monday. This was announced last night bv two leading manufacturers in the Dominion. The reason for the increase is the soaring cost of cocoa beans and cocoa butter. Cocoa beans now cost £360 a ton, compared with £126 at the end of last season, and £23 in the 1939-40 season, while cocoa butter costs £774 a ton, compared with £66 in 1939-40. Price increases will be: Tablets. 4d to sd. Gd to Bd. 8d to lOd, 1/- to 1/3, 1/4 to 1/8; filled blocks. lOd to 1/-. Assortments will show various increases from 2d to Gd per lb. During the past season most manufacturers brought only the minimum requirements and kept prices down by using heavily stocks bought at lower rates in 1948-49. These supplies are now nearly exhausted and manufacturers have no option but to buy at the prevailing high prices. The manufacturers point out that sales tax accounts for 2d on 1/3 blocks, and for 8d on lib. boxes. They claim that chocolate and confectionery are the only two food lines now subject to sales tax and that efforts to obtain a remission have been unsuccessful.
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Bibliographic details
Gisborne Herald, Volume LXXVII, Issue 23366, 23 September 1950, Page 3
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208Soaring Cocoa Costs Bring Rise In Chocolate Prices Gisborne Herald, Volume LXXVII, Issue 23366, 23 September 1950, Page 3
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