Cocoa

US Food Giants To Seek Exemption From Specific Import Tariffs

Major packaged food makers have asked US President Donald Trump for targeted exemptions from tariffs on imports like cocoa and fruit.

Cocoa production in Ivory Coast is on track to stay around last season’s disappointing level, the agriculture minister has said.

Strong rains across Ivory Coast’s central regions are expected to strengthen cocoa trees and improve growing conditions for the mid-crop.

Nestlé reported slightly better than expected annual sales growth, though it warned of a narrower profit margin in 2025.

A lack of rain in Ivory Coast’s cocoa-growing regions could delay the start of the mid-crop, potentially leading to a shortage of beans.

Cadbury parent company Mondelēz forecast a bigger-than-estimated drop in its annual profit, signalling pressures from coca costs.

Chocolate maker and cocoa processor Barry Callebaut reported lower sales volumes than expected for its first quarter on Wednesday.

Lindt lifted 2024 margin estimates and forecast sales growth for 2025 after results indicated enduring popularity despite price hikes.

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