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Petra Foods expects decline in cocoa ingredients as bean prices fall
date:May 12, 2012
is facing headwinds in the form of pricing pressure as a result of the excess supply situation.


If the situation persists, the financial performance of our Cocoa Ingredients Division in 2012 is expected to be significantly lower than that achieved in 2011.
From January to April, cocoa prices have fallen around 2% from $2307.62 per tonne to $2266.78, according to figures from the International Cocoa Organisation (ICCO).


Sourcing


Petra plans to up its direct sourcing initiatives in key orig

07/02 02:09