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Why the global cocoa market is melting down

Why the global cocoa market is melting down

BARRY CALLEBAUT, the world’s largest maker of bulk chocolate, is full of beans. Its share price has jumped by 20% since April, when it reported higher sales volumes despite a steep rise in the cost of cocoa. Peter Feld, its boss, told investors not to worry about expensive ingredients: “What goes up fast comes down fast.”

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