date:Aug 09, 2012
s up 3.1% on the same period last year to US $33.8m due to gains in its own branded chocolate.
However, the firms total sales took a 12.6% hit to $377.9 as its larger cocoa ingredients business suffered from weakening customer demand for chocolate products in Europe and the US.
Cocoa takes a tumble
The industry and market is facing significant headwinds in the form of pricing pressure as a result of global excess capacity compared to global demand,said the company in its release.
It pointed