Tight supplies of commodities including sugar and cocoa plus global logistics problems could hit production of chocolate Easter bunnies, Germany's confectioners warned on Thursday. "The market for important raw materials has been swept empty, longtime logistics chains no longer function," said Carsten Bernoth, chief executive of the German confectionery producers association (BDSI) in a statement. "This could also have an impact on the upcoming Easter business such as production of chocolate rabbits because important raw materials, packing materials or transport capacity are lacking."
(Bloomberg) -- Coffee prices in New York rose for the first time in four sessions, as the commodity began to recover from a broader selloff in financial markets. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapDip Buyers Try to Save the Day as Stocks Trim Drop: Markets WrapNvidia Quietly Prepares to Abandon $40 Billion Arm BidThis Red-Hot Housing Market Is Betting Interest Rates Will Never RiseBiden Bristles at Fox Inflation Query With Hot-Mic ExpletiveMarch a
(Bloomberg) -- Raw-sugar prices dropped to the lowest in almost five months on pressure from increasing global supplies.Most Read from BloombergWHO Downplays Threat of Covid-19 Variant Found in FranceU.S. Logs Record 1 Million Virus Cases With Data DelayOmicron Cases Are Hitting Highs, But New Data Put End in SightHawkish Fed Sparks Tech Rout, Treasury Selloff: Markets WrapFed Minutes Flag Chance of Earlier Hikes, Balance-Sheet RundownThe sweetener, which surged last year as freight costs surged