Confectioners sweet on ADM's decision to keep cocoa business
date:Apr 17, 2014
have a significant impact (on) the market, said Julio Sera, senior risk management consultant for INTL FCStone in Miami.

The combination would have created a cocoa powerhouse to challenge Barry Callebaut, and put at least half the global 4-million-tonne market in the hands of two players.

In a short statement, ADM said it will now look to divest only its chocolate operations, a smaller business with six plants in Europe and North America. It plans to retain the bean processing business, maker
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