Swiss chocolate maker Barry Callebaut raised its cocoa price assumption to £4,000 per ton and projected lower earnings growth amid rising costs and a future partnership expiration with Hershey.
Barry Callebaut reported a 5.7% rise in third-quarter sales volumes, ending a two-year decline despite record cocoa prices driven by El Niño. The company improved its full-year volume forecast while m
Barry Callebaut CEO warns El Niño could drive up cocoa bean prices due to crop yield risks in West Africa and Ecuador. Meanwhile, Middle East conflicts are expected to significantly increase fuel cost
Barry Callebaut announced its first strategy under new CEO Hein Schumacher, targeting mid-to-high-single-digit operating profit growth and confirming volume forecasts despite recent sales cuts.
ChemBrief