At 4:06 am (0806 GMT), Lindt&Spruengli was trading 2.8% higher at CHF 109,200. Barclays, which had previously rated Lindt as “equal weight,” has now raised the rating to “overweight ...

Cocoa prices began the year at record high levels, peaking at $10.75 per kilogram in January, due to poor West African harvests and supply disruptions. However, New York cocoa futures fell 4% last ...

Lindt & Spruengli AG warned that the premium imposed by the world’s largest cocoa growers in West Africa will give chocolate manufacturers little choice but to raise their prices. Ivory Coast ...

Chocolate prices in the EU have surged by 11.1% on average over the past year, driven by tripled cocoa costs due to supply disruptions in West Africa. Swiss chocolate producer Lindt is expected to ...

ZURICH: Lindt & Spruengli AG warned that the premium imposed by the world’s largest cocoa growers in West Africa will give chocolate manufacturers little choice but to raise their prices.

Lindt & Sprüngli sources cocoa from roughly 80,000 farmers in Ghana, ... recorded 53,839 children working for roughly 250,000 farmers in West Africa. More.

FILE - Cocoa pods hang on a tree in Divo, west-central Ivory Coast, Nov. 19, 2023. With exports from the Ivory Coast, the world's top producer, down by a third in recent months, the global price ...

Lindt & Sprüngli has shown resilience despite record volatility in cocoa markets impacting the chocolate industry. The company reported better-than-expected full-year operating profit in 2024 ...

Further pressure came when West Africa was struck by a heatwave in mid-February, which weakened trees already damaged by rainfall. Temperatures breached 40C in some regions, prompting heat ...