# Chocolate to get more expensive as palm oil prices skyrocket | South China Morning Post

> Palm oil surged more than 120% over the past year and broke through 4,500 ringgit ($1,091) a tonne to a record. The rally has been driven by global commodity gains tied to weather worries and China's crop buying. Higher palm oil costs are expected to affect chocolate, pastry and cosmetics makers.

- Date: 2021-05-16 · published 2021-05-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47191-chocolate-to-get-more-expensive-as-palm-oil-prices-skyrocket-south-china
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Record palm oil prices raise costs for food and personal-care manufacturers and may push buyers toward alternative oils. The sustained rally signals tight global vegetable oil supply.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- scmp.com: https://www.scmp.com/news/asia/southeast-asia/article/3133667/chocolate-get-more-expensive-palm-oil-prices-skyrocket

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.