Confectionery Companies Shift to Gummy, licorice, crmes

This is a U.S. news story, published by Global News, that relates primarily to Valentine news.

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Global News

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Halloween ‘shrinkflation’: How candy companies are adapting amid cocoa crunch - National | Globalnews.ca

Summary

Nutrition label

79% Informative

U.S. confectionery companies are stocking store shelves with fewer Halloween chocolates and instead on cheaper gummies and licorice.

The shift to gummies comes as chocolate makers face shrinking margins and slowing sales.

Experts say smaller chocolate treats and packaging, fewer pieces in fun-size bags and non-chocolate candy, like jellybeans and gummy bears, will likely become more of a feature this Halloween .

cocoa prices are expected to continue soaring in the coming months .

The impacts will likely be felt at Christmas and Valentine ’s.

If cocoa continues to be susceptible to climate change, candy makers will have to start looking for alternative sources to use in the long run.

“I don’t think it’ll go up forever,” von Massow said.

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Informative language

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semi-formal

Language

English

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