- Reuters•2 months ago
Swiss chocolate maker Lindt & Spruengli expects like-for-like sales to increase by another 6 percent this year, at the lower end of its long-term target, in a sign that a shrinking overall market in the United States is making growth more difficult. Global chocolate demand is down as consumers tend to prefer healthier snacks, but Lindt has so far bucked that trend by marketing its Easter bunnies and Lindor chocolate balls as high-quality treats customers can indulge in at special moments. Lindt faced difficulties in 2016 due to high cocoa bean and butter prices, subdued consumer sentiment in its biggest markets and price-sensitive trade partners.
- Reuters•3 months ago
Cocoa grinders in Ivory Coast are holding off on new investments after military and social unrest this month, potentially denting government plans to boost processing of the commodity in the world's top grower. Ivory Coast has emerged from a 2002-2011 political crisis as one the world's fastest growing economies, attracting foreign investment into everything from the cocoa industry to breweries and shopping malls.
- Reuters•5 months ago
Brazil's new-crop cocoa production is poised for a recovery after a steep fall in the previous season due to drought, according to estimates from an analyst and the main local industry association. According to the AIPC, the association which represents cocoa processors in the country such as Olam, Cargill and Barry Callebaut, Brazil should produce around 200,000 tonnes of cocoa almonds in 2016/17 (Oct-Sept) compared to 150,000 tonnes in the previous season. Brazil's cocoa industry has an installed capacity to process 275,000 tonnes, among the five largest processing centers in the world, but usually grinds around 240,000 tonnes.
BARN.SW : Summary for BARRY CALLEBAUT N - Yahoo Finance
Barry Callebaut AG (BARN.SW)
Swiss - Swiss Delayed Price. Currency in CHF
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|Day's Range||1,362.00 - 1,382.00|
|52 Week Range||1,084.00 - 1,383.00|
|PE Ratio (TTM)||29.89|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|