Page 2 - Peter Feld News Today

Prices have surged this year — recently exceeding $10,000 a ton — as poor West African harvests put the world on course for another annual deficit, threatening to further raise chocolate prices.

Chocolate maker Barry Callebaut reported a small rise in first-half sales volumes on Wednesday, easing fears that a sharp rise in cocoa prices and other inflati...

Barry Callebaut, the world's biggest supplier of chocolate to the food industry, said Wednesday that the surge in global cocoa prices had chipped away at profits.

Barry Callebaut, the world's biggest supplier of chocolate to the food industry, said Wednesday that the surge in global cocoa prices had chipped away at profits."Food manufacturers continued to be impacted by soft consumer demand in the context of the high-inflationary environment," Barry Callebaut said in a statement.

Barry Callebaut reported a 0.7% increase in sales volume to 1.1 million tonnes in the first six months of its 2023/24 financial year.

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“There is a gun to our head to set up systems and get ready,” said Paul Davis, president of the European Cocoa Association industry group.

Jeffrey Smith’s activist fund encouraged GoDaddy management to provide detail on improvements and free cash flow generation a few months after its first...