date:Aug 09, 2012
the finger at the fragile global economy, particularly in Europe and the US.
With these challenges in play, global chocolate consumption in developed markets is expected to be weak,continued Petra.
The companys cocoa ingredients division has already felt the impact in Q2. Sales were down 21.8% to $253.5m and EBITA plummeted 31.4% to $12.3m. Volumes also decreased around 10% to 58,744 metric tonnes.
Branded goods on the rise
However, the picture was much rosier for Petra Foods in its smaller