Chocolate market to remain stable in 2010

Swiss chocolate maker Barry Callebaut predicts a stable market for chocolates in 2010.

The company has reported sales revenues of CHF1.45bn for the first three months of fiscal year 2009-10, ended 30 November 2009. This indicates an increase of 1.5 per cent over the corresponding quarter last year.

Sales volume for the period was 362,973 tonnes, an increase of 7.2 per cent compared to 338,513 tonnes for the corresponding period last year.

The company said that the most significant volume growth was noted in Asia region (17.7 per cent), Americas region (15.6 per cent) and in global sourcing & cocoa (14 per cent). Sales revenue increased by 6.3 per cent in local currencies, but was impacted by adverse currency translation effects.

Juergen Steinemann, CEO of Barry Callebaut, attributed the sales growth to the implementation of previously signed outsourcing deals and better sales in the nice gourmet & specialties products."