Mondelez (MDLZ) Urges EU to Delay Deforestation Law Amid Cocoa Market Turmoil

Mondelez International, Inc. (NASDAQ:MDLZ) is one of the 12 best consumer goods stocks billionaires are quietly buying. On July 4, MDLZ, owner of Cadbury, called for a delay to the European Union’s upcoming deforestation law, citing record-high cocoa prices and ongoing supply disruptions. While once supportive of the legislation—which bans imports tied to deforestation—Mondelez now warns it could hurt the competitiveness of the €70 billion chocolate industry, already strained by rising input costs and global uncertainty.

The request comes amid broader tensions in the industry, with U.S. chocolate giants like Hershey and Mars distancing themselves from backing the EU law, as cocoa prices remain historically elevated. Mondelez’s appeal reflects growing concern among manufacturers about balancing environmental goals with economic survival in an increasingly volatile commodity market.

Mondelez International, Inc. (NASDAQ:MDLZ) is a global snack and beverage company known for iconic brands like Oreo, Ritz, Cadbury, Milka, and Toblerone. It produces and sells cookies, crackers, chocolates, gum, and powdered drinks across major international markets. Products are distributed through supermarkets, wholesalers, online platforms, and direct-to-consumer channels.

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Disclosure: None. This article is originally published at Insider Monkey.