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REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ Exclusive: Ivory Coast halts cocoa forward sales as rains hit production
▼ + stars: | 2023-07-13 | by ( Ange Aboa | ) www.reuters.com time to read: +4 min

SummaryCompanies Torrential rains hit Ivory Coast cocoa farmsIvory Coast CCC cocoa regulator says output could declineBlack pod fungal disease spreading in farmsABOISSO, Ivory Coast, July 13 (Reuters) - Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world's top cocoa-producing nation in recent weeks, the head of the country's cocoa sector regulator told Reuters. Ivory Coast is in the middle of its April to November rainy season. But Ivory Coast and other major cocoa producers Ghana, Nigeria and Cameroon that account for around 70% of global production, have witnessed heavy tropical downpours in recent weeks. On May 15, tropical rains fell continuously for eight hours with unprecedented intensity in the Aboisso region in southeastern Ivory Coast, farmers and residents told Reuters. Farmers, cocoa pod counters, and cocoa exporters based in Ivory Coast, also told Reuters that they expected a significant decline in output during the first part of the main harvest.

Persons: Yves Brahima Kone, Barry Callebaut, Kone, Jean Paul Kadjo, Soubre, Kouman Kouadio, Kouadio, CCC's Kone, Ange Aboa, Bate Felix, Elaine Hardcastle Organizations: Ivory Coast, Reuters, United Nations, Cocoa Council, Cargill, Hershey, Nestle, Plantations, Thomson Locations: Ivory, ABOISSO, Ivory Coast, United, Ghana, Nigeria, Cameroon, Aboisso, Farmers, Akressi, San Pedro, Tai

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Switzerland's Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday appointed Peter Feld as its new chief executive after lowering sales volume guidance as inflation-hit consumers cut back on purchases. The chocolate maker now forecasts full-year volume growth to be "flat to modest," Chief Financial Officer Ben De Schryver said. Barry Callebaut shares were down 2.5%, according to Julius Baer bank's pre-market indications. The company said that the sales volumes decline moderated in the second quarter, slowing to -0.5%, from -5.1% in the previous quarter.

☆ Chocolate maker Barry Callebaut's half year sales volumes drop
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday reported lower half year sales volumes due to limited availability of its global brands and lower customer demand due by inflation. The Zurich-based company, which supplies chocolate for the Magnum ice creams made by Unilever (ULVR.L) and for Nestle's (NESN.S) KitKat bars, said sales volumes in its first half of fiscal 2022/2023 fell 2.9% to 1.130 million tonnes. Reporting by Andrey Sychev and Paolo LaudaniOur Standards: The Thomson Reuters Trust Principles.

Nestle (NESN.S) and Hershey (HSY.N) said they paid the LID premium. But when the COVID pandemic cratered demand, global cocoa prices plunged before they built up a cushion. Ivory Coast and Ghana say companies should pay both premiums. Industry data from the International Cocoa Organisation (ICCO) shows cocoa output in Ivory Coast rose to record levels in the 2020/21 season. Of the roughly 2 million tonnes of cocoa Ivory Coast produces each year, between 20-30% is grown illegally in protected forests by an estimated 1.3 million people, many of them children.

☆ Barry Callebaut sales volumes fall 5% during its first quarter
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Jan 18 (Reuters) - Barry Callebaut (BARN.S) sales volumes fell 5.1% in the three months to the end of November, the world's largest chocolate maker said on Wednesday, as it was hit by lower output at its biggest factory. Volumes fell to 579,000 tonnes from 610,000 tonnes a year earlier, said the company whose products are used by food makers including Nestle (NESN.S) and Unilever . Volumes fell as the Swiss company started ramping up production again at its Wieze factory in Belgium, which was hit by a health scare last year. Sales revenue increased by 3.8% to 2.1 billion Swiss francs ($2.28 billion), as the company passed on raw material price increases the company said. ($1 = 0.9229 Swiss francs)Reporting by John Revill; Editing by Noele Illien Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ UBS: Buy this global confectionary stock which is poised to rise 36% from here
▼ + stars: | 2022-12-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

It's time to snap up shares of Swiss chocolate maker Barry Callebaut despite a slowdown in the global confectionery market, according to UBS. The Swiss investment bank has a buy rating on the stock and raised its 12-month price target to 2,500 Swiss francs ($2,692). UBS is not the only investment bank expecting this stock to rise. The median price target of 7 analysts, not including UBS, gives the stock a 23.4% upside from its current share price. Barry Callebaut is accessible to U.S. investors through its ADR ticker BRRLY.

☆ Chocolate maker Barry Callebaut boosts investment in Canadian factory
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Dec 7 (Reuters) - Swiss chocolate maker Barry Callebaut (BARN.S) is investing $70 million at one of its factories in Canada, the company said on Wednesday, its latest move to expand production in North America. The world's biggest maker of chocolate will add more liquid chocolate and molding production lines at its site in Chatham, Ontario and also improve production of dairy-free chocolate compounds which are used by food makers in desserts, ice cream and confectionery. Barry Callebaut's sales in the Americas increased by 6.4% during its last financial year, outpacing the overall market, which increased by 0.7%. Earlier this year Zurich-based Barry Callebaut said it was spending $104 million to build a new factory in Brantford, Ontario, to produce sugar-free chocolate and other speciality products. Reporting by John Revill; Editing by Michael ShieldsOur Standards: The Thomson Reuters Trust Principles.

☆ Chocolate maker Barry Callebaut's counts the cost of factory shutdown
▼ + stars: | 2022-11-01 | by ( John Revill | ) www.reuters.com time to read: +2 min

ZURICH, Nov 1 (Reuters) - Barry Callebaut (BARN.S) reported a drop in full-year operating profit as the world's biggest chocolate maker counted the cost of the temporary shutdown of its largest factory following a salmonella outbreak. The figure was hit by the one-off impact of 76.9 million francs related to the salmonella outbreak at the Wieze factory in Belgium detected in June. Sales volumes were also affected by the shutdown, with full-year volumes increasing to 2.3 million tonnes. Despite the disruption, volume growth was within the range of Barry Callebaut's mid-term guidance for increases of 5% to 7%. But it missed its goal of raising its operating profit in local currencies at a higher level than volumes, with only a 0.1% increase.

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