Barry Callebaut has secured a deal to supply cocoa products and industrial chocolate to Cadbury owner Kraft Foods. The deal is a major change for Kraft, which had previously only outsourced a small part of its production.However, Cadbury already had a major supply agreement in place with Barry Callebaut.

The agreement announced today includes some of the liquid chocolate Barry Callebaut supplied to Cadbury but is expected to double the Swiss firm's business with Kraft. The deal also means ...

Continue reading ...

London NYSE Liffe saw no evidence of abusive trading behaviour on the July cocoa contract that expired last week with the physical delivery of almost all London's cocoa stocks, it said in a letter to a group complaining of excessive speculation in cocoa futures.

"From our investigations there is no evidence of abusive behaviour or that any market participant is trading with the specific purpose of distorting the price of the July 2010 delivery month," said the letter from the exchange, dated...

Continue reading ...

Barry Callebaut's chief executive said in an interview in a Swiss newspaper that the company still aims to dispose of its consumer chocolate business in 2010 following the failure of an attempt to sell to Spanish food group Natra earlier this year.

Barry Callebaut has taken a strategic decision to exit the consumer chocolate business and focus on its industrial operations. But a plan to sell its consumer interests, including the Alprose and Sarotti brands, to Natra in exchange for a 45-49 pe...

Continue reading ...