Two NZ companies weather the cocoa storm – for now

Two NZ companies weather the cocoa storm – for now
(Image: Getty)
Rebecca Howard
If the Easter Bunny was good to you, it may be down to the fact that New Zealand’s Whittaker’s Chocolate and OCHO Chocolate Company haven’t been hit by the spiralling cost of cocoa – yet. Cocoa is trading at record levels, with futures prices having breached US$10,000 (NZ$16,758) per tonne as supply concerns intensify, according to ANZ Bank agriculture economist Susan Kilsby. Cocoa prices are up 250% in the past year, due to poor cocoa production in Western Africa, a key growing region, she said....

More Retail

Website duplication scams haunt NZ retailers
Retail

Website duplication scams haunt NZ retailers

Increasingly sophisticated obfuscation technology is making scams harder to resolve.

Gregor Thompson 22 Apr 2024
Menulog exits NZ
Retail

Menulog exits NZ

Online food delivery platform Menulog will discontinue its New Zealand operations in May.Parent company Just Eat Takeaway confirmed the decision today, saying: “New Zealand represents a small part of the Just Eat Takeaway.com business and its size is insufficient to maintain a he...

Staff reporters 16 Apr 2024
Grocery code now in full effect, ComCom reminds suppliers
Retail

Grocery code now in full effect, ComCom reminds suppliers

The Grocery Supply Code went into effect on March 28.

Staff reporters 16 Apr 2024
Easter trading laws could be repealed
Retail

Easter trading laws could be repealed

Bill drawn from ballot would allow shops to open on Good Friday and Easter Sunday.

John Anthony 11 Apr 2024