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’s Lechner said “the magnitude of these increases in raw material forced us, also, in the last years, ... and pest outbreaks in West Africa that caused a supply deficit.

A tamping down of tariff concerns and improved weather in West Africa contributed to the selling pressure. Cocoa futures in New York were 5.4% to $9,140 a ton in late morning trading to trade at ...

A 5.7 oz box of Lindt Valentine’s heart chocolate candy truffles costs $21.99. Hershey’s said it buys cocoa nearly a year in advance, so the cost at the store this Valentine’s Day won’t ...

Lindt said the chocolate market was “highly competitive” and its market share had slipped from 7.7% to 7.1%. Chocolate manufacturers have battled soaring prices for the past two years due to a global ...