The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has reported a 6 per cent fall in
first quarter sales revenues to CHF1.15bn ($0.97bn) as squeezed
margins bite into the bottom line.