Barry Callebaut Sees Cocoa Prices Remaining Tepid, Points to Fuel as Key Cost Headwind
Barry Callebaut's chief executive told reporters on a Tuesday call that the company's volume forecasts for the coming year already account for El Nino conditions. Management does not expect cocoa prices to climb back to the highs seen over the past two years. While demand in parts of the Middle East has eased recently, the CEO said this had not mat…