date:Jul 21, 2012
clines in its other two business segments. Operating profit for both its Chocolate Confectionery Fats division and its Technical Products Feed arm nosedived 7% and 29% respectively.
Cocoa butter price hits Chocolate Confectionery Fats arm
Volumes in the Chocolate Confectionery Fats business remained stable, pressured by low cocoa butter prices.
AAK said:The record low cocoa butter price (approximately 30-40% lower than the three year average) represents a clear challenge in the short to m