U.S. consumers are paying more for chocolate products as confection manufacturers raise prices in response to the soaring cost of cocoa. Cocoa prices are nearly 65% higher than they were one year ago, and New York futures prices are at a 46-year high. While consumer demand has remained relatively strong, higher retail prices are poised to take a bigger toll on volume sales and stifle category growth through much of 2024. …
Unilever, one of the world’s foremost consumer goods companies and global market leader in ice cream, has extended its long-term global strategic agreement for the supply of cocoa and chocolate from the Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products. …
A.P. Moller-Maersk (Maersk) and Barry Callebaut Group, the world leading manufacturer of high-quality chocolate and cocoa products, have entered into a long-term partnership to build and operate a new Built-To-Suit cocoa bean warehousing and dispatching facility in Malaysia. A groundbreaking ceremony of this dedicated facility was held in Pasir Gudang, Malaysia on 18 May 2023. …
AAK has launched a premium cocoa butter substitute (CBS) compound that facilitates unprecedented levels of cocoa in chocolate compounds for enhanced taste. …
The White Paper is the culmination of six years of collaboration between Barry Callebaut, Agri-Logic, IDH and Rainforest Alliance. Its findings provide actionable steps that underpin Barry Callebaut’s vision for a transformative approach to improve the existing cocoa farming model in Côte d’Ivoire, and more broadly, West Africa. The data analysis shows that poverty reduction is driven by three key factors – yield, size of farm and price. …
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