Bloomberg News ? Demand for chocolate is expected to be weak through the end of the year.? Cocoa for December delivery on the Intercontinental Exchange was down 0.4% at $2,975 a ton in midmorning trade Wednesday.? Mr. Edward Walter said, ??although cocoa supply and price aren?t a concern for Ferrero, sugar remains an ?uncertain raw material.?? Frost in Brazil, the world?s top sugarcane producer, has analysts predicting a shortage of the sweetener. ?Global consultant Kingsman SA said Tuesday, ?? that yields in Brazil?s key sugarcane region ?continue to disappoint? and the shortfall ?will keep the world raw [sugar] market tight for the next six months.?? Ferrero, the maker of Ferrero Rocher chocolate and Tic Tac mints, said it uses about 120,000 tons of cocoa beans and 520,000 tons of sugar a year.
The latest facts and figures on the supply of dark chocolate have come out ? you?re in the loop!
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