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Red-hot cocoa price melts profit at top chocolate-maker

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.

Switzerland , New-york , United-states , Swiss , Barry-callebaut , Peter-feld , Ocoa-beans , Ocoa-prices , Hocolate ,

Cocoa Futures Skyrocket 40%, Leading to Decline in Confectioners' Stocks

By Georgy Vaschenko, analyst at Freedom Finance Global

Malaysia , Ghana , United-states , Indonesia , Cameroon , Brazil , Ecuador , Netherlands , America , Hershey-company , International-cocoa-organization

Chocolate and Cosmetics Face Price Jolt From Cocoa Supply Chain Law

(Bloomberg) -- Cocoa’s journey from bean to bar winds through a rebagging plant like this one in San Pedro, Ivory Coast, where about 20 trailer trucks arrive every day brimming with tons of stock for international markets.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothsc

Amsterdam , Noord-holland , Netherlands , New-york , United-states , Hamburg , Germany , London , City-of , United-kingdom , Ghana , Belgium

Chocolate Lovers Beware: Cocoa Prices Have Doubled Under Supply Crunch

The most active cocoa contract hit an all-time high of $5,600 a metric ton, surpassing a record high of $5,379 notched in 1977.

Paul-davis , Bloomberg , Terms-of-service , European-cocoa-association , West-africa , Markets , I-exclusive , Ocoa-futures , Ocoa-beans , Hocolate , Hocolate-making , Limate-change

Barry Callebaut sales volumes rise slightly during Q1

-Sales from the world's biggest chocolate-maker Barry Callebaut rose slightly in the three months to the end of November, as the company managed to pass on some of the impact of a surge in cocoa prices. The company, which supplies chocolate for the Magnum ice creams made by Unilever and for Nestle's KitKat bars, said sales volumes increased by 0.4% to 580,876 tonnes versus the 578,300 tonnes estimated in the company-provided median consensus. Barry Callebaut's shares rose 2% in the Julius Baer pre-market trade.

Switzerland , New-york , United-states , Swiss , Nestle-kitkat , Barry-callebaut , Andrey-sychev , Miranda-murray , Mateusz-dobrzyniewski , Unilever , West-africa , Rachel-more

Sustainably sourced KitKat launches in Europe

Nestlé has introduced a KitKat made with cocoa mass from beans grown by farmer families engaged in the company's income accelerator.

United-kingdom , Ghana , Thierry-touchais , Income-accelerator-program , Rainforest-alliance , Cargill , Kitkat-breaks , Product-line-director-cocoa , Chocolate-europe-west-africa , Strategic-accounts , Kitkat , Estle

Cocoa grown illegally in a Nigerian rainforest heads to companies that supply major chocolate makers

Men in dusty workwear trudge through a thicket, making their way up a hill where sprawling plantations lay tucked in a Nigerian rainforest whose trees have been hacked away to make room for cocoa bound for places like Europe and the U.S. Kehinde Kumayon and his assistant clear low bushes that compete for sunlight with their cocoa trees, which have replaced the lush and dense natural foliage. Over the course of two visits and several days, The Associated Press repeatedly documented farmers harvesting cocoa beans where that work is banned in conservation areas of Omo Forest Reserve, a protected tropical rainforest 135 kilometers (84 miles) northeast of the coastal city of Lagos in southwestern Nigeria.

Italy , Lagos , Nigeria , Ijebu-ife , Ogun , Singapore , Ghana , Merwe , Netherlands-general- , Netherlands , Omo-forest-reserve , Coted-ivoire

Cocoa prices surge to 44-year high as extreme rainfall devastates crop in West Africa

As if a sugar shortage wasn't enough, now a cocoa shortage will surely put a damper on your holiday spirits as cocoa futures reach a record high not seen in more than four decades.

Switzerland , London , City-of , United-kingdom , Ghana , Coted-ivoire , Nigeria , New-york , United-states , Cameroon , Ivory-coast , Jon-davis

20 Countries That Eat Chocolate the Most

In this article, we will be analyzing the chocolate industry in detail while covering the 20 countries that eat chocolate the most in the world. If you want to skip our detailed analysis, you can go directly to 5 Countries That Eat Chocolate the Most in the World. A Go-To Confectionery of All Times Our […]

Rot-front , Saratovskaya-oblast- , Russia , Coted-ivoire , Malaysia , Meiji , Hokkaido , Japan , France , United-kingdom , Canada , Spain

Chocolate Cravings Are Going to Get More Expensive to Satisfy

(Bloomberg) -- Bad news has emerged this week for chocolate lovers: it’s going to get more expensive to satisfy your cravings.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USChina’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway Offers Free Sandwiches That Come With a Lifetime CommitmentThe cost of wholesale cocoa beans soared to the highest level in more than a

Ghana , Coted-ivoire , Switzerland , London , City-of , United-kingdom , Ivory-coast , Swiss , Bloomberg-businessweek , Fuad-mohammed-abubakar , Bloomberg , Rabobank