Dairy Mix Pricing Update – December 2024

Sweet Savings Just in Time for the Holidays

As the year winds down, we have some great news to share, just in time for the holiday season. The cost of butter and milk has finally begun to drop, offering us the chance to end the year on a high note. As a result, many of our plain and high-fat mixes will see a significant price decrease.

However, the story isn’t as sweet for chocolate mixes. Due to the transition to new cocoa contracts, these products won’t experience the same level of savings. For the past six months, we’ve discussed the unprecedented rise in cocoa market prices, and now, the new contracts have come into effect.

Last year, Meadowvale was fortunate to secure a highly favorable cocoa price, but this year, the market has presented significant challenges, with reports showing year-over-year increases ranging from 40% to 80%. Despite these hurdles, our team leveraged strong supplier relationships and purchasing volume to negotiate a competitive price. While there will still be an increase in the cost of chocolate mixes, it’s far below what we feared, and much lower than the soaring 100% increases seen in other contracts.

It’s been a remarkable year, even in the face of elevated commodity prices, and we are happy to pass on the savings to our customers when possible. As we look ahead to 2025, we’re confident that even brighter opportunities lie ahead. Thank you for trusting us with your mix business—here’s to finishing the year strong and heading into a fantastic new year!