|
|
Article: Brazil's costs drive change: South America's low-cost candy powerhouse is now reinventing itself after losing its price advantage. Steve Forster reports from Curitiba.(SPECIAL REPORT)
- Article from:
- Professional Candy Buyer
- Article date:
- November 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Adams Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SUGAR PRICE CHALLENGES are not unique to the U.S. candy business--even in a land of sugar, where price increases are biting. Add in a strong Brazilian Real and increasing transport charges and Brazilian confectioners are having to adjust to a new world order where their candy prices are not as attractive as only a year ago.
Since then, the price of sugar has nearly doubled as the country embarks on a national program of using the crop for ethanol blending to offset oil consumption. That, combined with a weakening U.S. dollar, has spelled difficulties for Brazilian candy suppliers. Compare the USD/Real exchange rate of 3.54 Reais to the USD in 2002 with the current ...
Related newspaper, magazine, and journal articles:
|