By Antoine Boudib, Managing Director, Akuafo Adamfo Marketing Company Ltd, a Finatrade Company
Cocoa buying companies are the main intermediaries between the chocolate industry and farmers and should not be forgotten in the pursuit of sustainable cocoa, writes one of the largest licensed cocoa buyers in West Africa Finatrade.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
This week saw chocolate maker Lindt reporting strong growth across all its main regions and consolidated sales of CHF 2.58bn for its financial year 2010, with an analyst claiming the time is ripe for the firm to capitalise on recovery in consumer sentiment.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.