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

Quick Summary:

But now, when we’re getting the poorer weather, the trees are unable to bounce back, they’re unable to regenerate yields and production drops away very quickly.

Barry Callebaut’s shares had fallen 7.9 per cent by early afternoon on Wednesday, ranking it among the worst performers on Europe’s benchmark STOXX 600 index.

The pressure on chocolate companies is not likely to ease soon, according to Jonathan Parkman, co-head of agriculture at commodity broker Marex.

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Article Details

Author / Journalist: Susannah Savage

Category: MarketsFinanceInvesting

Markets: United StatesGhanaIvory CoastSwitzerland

Topics: Cent Three Barry Cocoa Chocolate Prices Companies Higher Period Weather Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 14:20:54 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25343528

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Official Website: ft.com

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