Chocolate

Ivory Coast Rains Revive Cocoa Farmers’ Hopes For Healthy Mid-Crop

Strong rains across Ivory Coast’s central regions are expected to strengthen cocoa trees and improve growing conditions for the mid-crop.

Lindt posted first-half organic sales of 2.16 billion Swiss francs, in line with expectations, and announced a share buyback programme.

Barry Callebaut shares fell after the chocolate maker announced that quarterly sales volumes had declined as cocoa prices boosted costs.

Cocoa harvesting in the Ivory Coast is expected to pick up from May as weather conditions improved, according to farmers in the region.

Cocoa futures in both London and New York set record highs on Monday, due in part of a supply shortage of the plant.

Lindt & Spruengli has reported a rise in annual profit thanks to price hikes offsetting increased production costs.

Lidl Ireland has revealed its chocolate eggs for the Easter holiday, expecting to sell 2.5 million as shoppers opt for lower prices.

ABOUT US

Get the app today!