China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.» Read More
NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...
PAINE, CHILE, Dec 2- The world's biggest maker of industrial chocolate Barry Callebaut said on Tuesday there will be a global cocoa surplus this year and possibly the next, taking a more bearish perspective than some other forecasters so far. "This year we will have more beans than we need, so we will have a surplus," Juergen Steinemann, chief executive of the Swiss...
Dennis Melka, CEO of United Cacao Limited, discusses the company's ambitions to become the "largest cacao supplier" in the world.
Prices of chocolate have soared nearly 20 percent over the last 18 months. CNBC's Sara Eisen explains why some say talks of a potential cocoa shortage are exaggerated.
*Nigeria seeking to cut dependence on oil through farming. ABUJA, Oct 28- Nigeria expects to earn $1.3 billion from cocoa exports this year, an increase of 45 percent on two years ago, after a steady rise in output that could help shift Africa's top economy away from its reliance on oil, its agriculture minister told Reuters. Akinwumi Adesina, speaking on the...
LAGOS DE MORENO, Mexico, Oct 22- Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday. Nestle's factories in the region including both Ghana and Ivory Coast produce...
Mohamed Elsarky, CEO of Godiva, discusses the impact of Ebola on cocoa producing nations and the factors behind cocoa's recent price increase.
Tedd George, head of agriculture research at Ecobank, says the spread of Ebola across West Africa could hit production and threaten a large amount of the world's cocoa production.
LONDON, Oct 15- African dollar bonds were sucked into a global rout of riskier markets on Wednesday, falling to multi-month lows as slumping oil prices and worries about the spread of Ebola fanned broader fears about world growth. Many of Africa's big economies depend on commodity exports, whether it be oil in Nigeria, copper in Zambia or coffee and cocoa in Ivory...
The World Cocoa Foundation is set to announce a fundraising initiative to help combat Ebola in West Africa.
Erkut Ozer, CEO of Global Trading Enterprises, says China's growing appetite for chocolate is pushing the price of cocoa higher.
"No one wants to talk about it because they don't want to start a panic," one expert tells CNBC.
After seeing a rise of nearly 20 percent year to date, cocoa prices may see a taper soon, says Avtar Sandu, Senior Manager, Commodities at Phillip Futures.
Wayne Gordon, Executive Director, Commodities of UBS Wealth Management, explains why consumers won't be put off by higher cocoa prices and discusses the surge in chocolate demand in emerging markets.
Cocoa prices have risen almost 20 percent year to date. CNBC's Adam Bakhtiar visits a factory in Singapore to find out whether higher prices have dampened chocolate demand in Asia.
Asia's newly minted chocoholics are tempting sweets-makers, but challenges range from different cultural tastes to the region driving up cocoa prices.
Nestle USA chairman & CEO Paul Grimwood, discuss how inflation is impacting food prices and where the company is looking to expand its health and wellness ambition.
Edward George, head of soft commodities at Ecobank, says chocolate will become a luxury in Europe as cocoa prices shoot up.
CNBC's Morgan Brennan reports cocoa prices are up more than 35 percent over the past 12 months.
"Chocolate is more popular than ever," explains Godiva CEO Jim Goldman, in discussing just how popular Valentine's Day is for his stores. He discusses high cocoa prices right now.