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Business Food

All articles tagged with #business food

business-food1 year ago

"Rising Cocoa Prices Spark Global Chocolate Shortage Concerns"

The price of cocoa beans has more than doubled since January, reaching a record high due to a severe drop in supply caused by severe weather, plant disease, and illegal mining in West Africa, where most cocoa beans are grown. This surge in price is expected to result in higher costs for chocolate products ahead of the Easter holiday, with some shops already selling chocolate eggs for $80, impacting celebrations like Valentine's Day as well.

via KOMO News|
#business-food#chocolate#cocoa-beans
business-food1 year ago

Trader Joe's Raises Banana Prices for First Time in Decades Amid Inflation Concerns

Trader Joe's has raised the price of its bananas for the first time in over 20 years, citing increased farming costs and growing demand. The price of a single banana has increased to 23 cents, a 21% rise. This change reflects broader trends in banana pricing, with global prices experiencing spikes due to inflation, higher farming costs, and the impact of climate change on banana production.

via The Associated Press|
#bananas#business-food#global-warming
business-food1 year ago

"Trader Joe's Raises Banana Price for First Time in Over 20 Years Amid Supply Chain Challenges"

Trader Joe's has raised the price of its famously priced 19-cent banana to 23 cents, marking the first increase in over 20 years. The decision was attributed to cost changes, and the store has been able to lower prices for other produce items. Despite this increase, bananas have remained affordable overall in the US, with demand driven by their affordability. Experts have warned that climate change could potentially drive up banana prices in the future.

via Yahoo Finance|
#banana#business-food#food-prices
business-food1 year ago

Wendy's Introduces Dynamic Surge Pricing for Menu Items

Wendy's plans to introduce surge pricing, similar to ride-sharing companies, where menu item prices will fluctuate based on demand, time, and location. The company aims to improve profits through digital menu boards that can update prices in real time and offer different menu items during specific parts of the day. Additionally, Wendy's has partnered with Cinnabon to introduce the Cinnabon Pull-Apart to its breakfast menu, available nationwide during breakfast hours, with a free giveaway on leap day.

via USA TODAY|
#business-food#cinnabon-pull-apart#dynamic-pricing
business-food1 year ago

McDonald's CEO Vows to Address Affordability as Stock Drops

McDonald's CEO addressed concerns over affordability as the company's stock dropped nearly 4% following mixed fourth quarter results, with global same-store sales up 3.4% but impacted by the conflict in the Middle East. The CEO acknowledged a sales dip due to increased menu prices and a drop in transactions from lower-income customers, emphasizing the need to focus on affordability. McDonald's is looking to re-engage these customers and is confident in the resilience of its business, with plans to provide value for the lower-income consumer through its $1, $2, $3 menu platform.

via KABC-TV|
#affordability#business-food#ceo