|Day's Range||1,360.00 - 1,379.00|
|52 Week Range||1,084.00 - 1,425.00|
|PE Ratio (TTM)||29.76|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Renegade troops in Ivory Coast accepted a government proposal on bonuses and returned to barracks on Tuesday, ending a mutiny that had closed businesses, shut major roads and threatened years of economic progress in the world's top cocoa producer. The dissident soldiers, mostly former rebels who helped bring President Alassane Ouattara to power, rejected an earlier offer late on Monday.
Ghana's Cocobod is considering proposals to discount its premium main crop beans to local grinders as part of the new government's plans to increase local processing to 50 percent of annual output, the regulator's board chairman said on Wednesday. Locally processed beans in the world's second largest cocoa producer have dropped to below 30 percent in the last two years from around 38 percent previously due to lack of cheaper beans, Hackman Owusu-Agyemang told reporters after a tour of the plants.
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.