Record cocoa prices prompt buyers to delay orders, says Swiss chocolate maker

Record cocoa prices prompt buyers to delay orders, says Swiss chocolate maker

Higher costs being passed on to customers either directly or through ‘shrinkflation’

Barry Callebaut posts lower volumes amid soaring cocoa prices

(Reuters) -Chocolate maker and cocoa processor Barry Callebaut on Wednesday reported a lower sales volume than expected for its first quarter, hit by customer-retailer pricing negotiations and delayed orders amidst record high cocoa prices. The Switzerland-based group, which supplies chocolate for Unilever’s soon-to-be-spun-off Magnum ice creams and Nestle’s KitKat bars, said its sales volume fell 2.7% to 565,000 tonnes in the quarter that ended…

Dry Harmattan Winds Threaten West African Cocoa Crops

March ICE NY cocoa (CCH25 ) today is up +92 (+0.80%), and March ICE London cocoa #7 (CAH25 ) is up +118 (+1.28%). Cocoa prices today are climbing for the third consecutive session, with NY cocoa posting a 2-week high and London cocoa posting a 1-month high. Crop production concerns...

17:24 The rising price of cocoa is putting a brake on the sale of chocolate products. Barry Callebaut expects to sell less in the current financial year.

Due to the surge in raw material prices, the chocolate supplier is lowering its volume forecasts for the whole year. The Zurich-based company is moving forward with its restructuring plan based on staff cuts.The jump in cocoa prices is weighing on Barry Callebaut's business performance. The supplier of food giants such as Nestlé and Unilever saw its volumes fall in the first quarter of its delayed fiscal year. Between September and November 2024…

Record cocoa prices prompt buyers to delay orders, says Swiss chocolate maker – Sky News: The Latest News from the World

Stay informed with free updates Simply sign up to the European companies myFT Digest — delivered directly to your inbox. Record cocoa prices are prompting chocolate buyers to postpone orders and attempt to renegotiate pricing, according to chocolate maker Barry Callebaut. Cocoa prices have almost tripled in the past year as extreme weather and disease […]