date:Nov 07, 2012
industry with cocoa and chocolate products, coatings and cocoa powders, renewed its financial targets of 6-8 percent average volume growth and earnings before interest and tax (EBIT) at least in line with that through to 2014/15.
Europe's economic crisis is nibbling away at demand for chocolate, a treat once thought of as recession proof.
Market researcher Mintel said that while the global chocolate market value will be little changed on the year at $84.5 billion in 2012, western Europe's cho