Market analysts have branded Barry Callebaut’s $950 million takeover of Petra Foods' cocoa division ‘pricey’, but the Swiss chocolate giant has defended the move despite admitting it will hurt its pockets in the short-term.
Spanish chocolate and cocoa processor Natra has more than doubled its operating profit in its ninth-month results helped by relaxing cocoa prices, North American expansion and a shift to value added products.
Belgian chocolate brand Caluwé Artisan has moved the supply of cocoa for its entire product range to Barry Callebaut’s sustainable single origin Cameroon chocolate, the Swiss cocoa supplier has announced.
Cocoa products do not represent a major source of the potential carcinogen ochratoxin A in the diet, but may still requite monitoring, according to a new analysis of the supply chain.
Spanish chocolate and cocoa processor Natra has signed a Belgian chocolate supply contract in China with an unnamed distributor that it says will boost sales in the market by 70% in 2012 and help it grow in Asia.
Cargill has added a center of expertise to its cocoa processing facility in Wormer, the Netherlands and automated warehousing at the Port of Amsterdam following a €57m ($82m) investment.
Surging cocoa supplies did little to prevent front month prices for cocoa (cocoa futures) creeping up by 4 per cent throughout August, according to Euromonitor. “The big surprise has been that this rise has taken place on the back of strong supply projections,”...
Pod-to-pallet industrial chocolate supplier Barry Callebaut has flagged up the potential for growth arising from the fact that independent analysts, Moody’s, has given the company an ‘investment grade’ status.
Barry Callebaut plans to expand its strategic partnerships with local food manufacturers in order to “tap into the full potential” of emerging markets.
Research from scientists based at the Nestlé research centre in the UK and the University of Nottingham shows that mixing ethylcellulose with lecithin is an alternative to high concentrations of lecithin to enhance the flow of reduced fat chocolate.
The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa...
An innovative scheme involving the return of dividends to investors in batches of premium chocolate has raised £3.7m for UK company Hotel Chocolat’s facility and retail outlet expansion plans.
A simple test of volatile compounds in chocolate may serve as chemical tracers to enable better traceability of cocoa and inform consumers of the countries of origin, say French researchers.
Chocolate consumers are becoming more adventurous, enjoying darker, more unusual flavour combinations with higher cocoa percentages, according to Mintel.
A cool spring and late Easter has contributed to booming business
at Swiss chocolate maker Lindt, who announced it has more than
doubled its profits in the first half.
Leading premium chocolate manufacturer Lindt & Sprüngli has
reported record first half results on the back of increased demand
for premium products in an otherwise slow-moving European chocolate
market.
With a plethora of brands from which to choose and long-established
patterns of consumption, the prospects of significant growth in the
French chocolate market might seem remote. But a new report
suggests that there is plenty of movement...
Leading Swiss Chocolate processor Barry Callebaut says that on the
back of strong six monthly results it will be looking to increase
its presence in the consumer sector.
Following the launch of schnapps and tequila shot chocolates last
month, Elizabeth Shaw has launched its latest innovation, Illusion,
a new chocolate combination for the Christmas market.
A strong rise in sales volumes in Western Europe helped Barry
Callebaut to post steady profit rise for first nine months. Company
on course to meet its target of EBIT SF200 million in 2002/03.
Barry Callebaut, the Swiss chocolate producer, has continued to go
from strength to strength despite depressed consumer spending and
the strength of the Swiss franc. As in Q1, first half figures were
boosted by the Stollwerck acquisition...
A chocolate maker that was the first foreign-owned company in China
to be declared bankrupt has been sold to a state-owned firm, the
auction house that handled the sale said.