date:Jan 18, 2013
977.
Sales drop
Cocoa prices have fallen back thanks to the refill to world supplies provided by a world surplus in 2011-12, waning ideas of a deficit forecast for this season, and thanks to a less disruptive start to Ivory Coast cocoa reforms than many investors had expected.
Barry Callebaut, which makes chocolate on behalf of groups such as Hershey, Kraft and Nestle, blamed movement in cocoa prices from levels at the time the contracts were struck for a 13.1% to SFr262.9m in revenues at its