Barry Callebaut has posted volume growth above the chocolate confectionery market in its half-year results, but net profit fell mainly due to currency fluctuations and a challenged cocoa ingredients business.
Weak fourth quarter cocoa grinds in developed markets suggest that consumers have reacted negatively to wholesale chocolate price hikes from the major brands, according to an analyst.
The Archer Daniels Midland Company is in discussions to sell its cocoa processing operations. We find out how potential industry consolidation could affect the cocoa supply.
Cocoa and chocolate products supplier Barry Callebaut has confirmed reports that it plans to upgrade grinding capacity at one of its cocoa processing plants in Ivory Coast from 105,000 to 175,000 tonnes a year.
A new education and training scheme in Ghana that aims to develop the country’s cocoa supply chain is the “first of its kind” for Archer Daniels Midland Company (ADM), says the firm.
