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COCOA INDUSTRY CHALLENGES
Sweet trouble: World’s top chocolate maker issues warning as shares sink 17%Barry Callebaut profit warning shocks markets. Shares crash 17% in hours. Cocoa prices collapse over 40% this year. The world’s largest cho...- Christmas chocolates still costly despite falling cocoa prices – here’s whyChocolate prices stay high even though cocoa costs are falling. Last year, cocoa jumped, making makers raise prices and change recipes. Com...
- Cocoa prices are plunging. Why then is chocolate still so expensive?Producers and analysts expect cheaper cocoa to only start feeding through to supermarket aisles in the second half of next year, and even t...
- Major US candy company files for bankruptcy just one week before the biggest candy day of the yearCandyWarehouse.com, a Texas-based online candy seller, has filed for bankruptcy. The company faces financial difficulties with more debts t...
- World’s biggest chocolate supplier is melting under soaring prices and short betsBarry Callebaut, the world's largest bulk chocolate maker, faces market pressure. Its shares halved due to soaring cocoa prices and higher ...
- Small Ivory Coast cocoa firms say EU deforestation rules might bankrupt themSmall cocoa businesses in Ivory Coast are worried about the EU's new anti-deforestation law, fearing the high compliance costs will force t...
- Can Indian craft chocolate go global and compete with the world's finest?Indian craft chocolate is growing. It aims to compete with global brands. Brands focus on local cacao from Andhra Pradesh, Tamil Nadu and K...
- Bake or break? ChrysCapital, Theobroma in talks againChrysCapital is in discussions to acquire Theobroma Foods at a reduced valuation of Rs 1,800 crore, down from Rs 3,000 crore. Talks had sta...
- Wild cocoa markets push Europe’s historic chocolatiers to the brinkThis issue has forced many smaller chocolatiers to close, while larger companies mitigate through cost-cutting measures.
- Sweet Profits, Bitter Reality: Who gains the most from the cocoa price surge?The cocoa industry is facing significant shifts as cocoa prices soar, driven by poor harvests in West Africa. While prices have surged to r...
- Chocoholics Beware: Get ready to pay higher for chocolates, ice creams and cakes as cocoa prices skyrocket in IndiaThe soaring cocoa prices are causing ripples in the chocolate and ice cream industry. Amul considers a substantial hike in chocolate prices...
- Global cocoa shortage to drive up cost of chocolate barsRising cocoa prices due to supply shortages are impacting chocolate manufacturers globally. Companies are considering price hikes, alternat...
- Halloween candy prices haunted by weather woes, soaring to spine-tingling heightsConsumers are adapting to these price hikes in various ways. Some, like Jessica Weathers, a small business owner in Shiloh, Illinois, are f...
- Chocolate could get even pricier if Africa’s cocoa crop flopsAnalysts at Rabobank and Marex expect West African output to drop in the 2023-24 season. Marex forecasts the global deficit at 279,000 tons...
- How West Africa can reap more profit from the global chocolate marketThe continent of Africa contributes to 70% of the global raw cocoa beans production. However, in the multibillion dollar global chocolate i...
- World’s top food producers push back on deforestation rulesThe consumers worldwide may end up footing the bill as producers pass on the new costs to them.
- How chocolate could counter climate changeThe biochar industry could potentially capture 2.6 billion of the 40 billion tonnes of CO2 currently produced by humanity each year, althou...
- Chocolate confectionery market grows in double-digits againThe value growth clocked by the Rs 15,600-crore industry in 2017 was 12.4%. In 2016, the growth level was the same at 12.4%, but higher as ...
- Despite growing demand for chocolate, India imports most of its CocoaIn India, cocoa is grown primarily as an intercrop in Andhra, Tamil Nadu, Karnataka and Kerala, as the tree requires about 40-50 per cent s...
- World 'faces chocolate drought in 2014'The world is facing a "chocolate drought", according to an expert, whose warning is prompted by fears that the globe's sustainable cocoa su...
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