Nestle's Chocolate Chief Sees Demand Remaining High Despite Cocoa Price Surge, Valor Says

Dow Jones03-20

--Nestle's global head of chocolate, Liberato Milo, says the sharp price increase for cocoa beans over the past two years didn't affect the demand for chocolate, according to an interview with Brazilian magazine Valor.

--Milo says demand will now outpace global production as it remains highly resilient and is mainly driven, but not only, by increasing consumption in Southeast Asia, Valor reports. The region is lifting average consumption despite the slowdown in some emerging markets, he says.

--The Swiss company is focusing on boosting production as a key strategy to meet demand, including by increasing productivity on West African farms, a region where poor harvests contributed to the soaring price of cocoa beans, Valor reports.

Full story: https://tinyurl.com/mutvrf5k

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

March 20, 2025 07:21 ET (11:21 GMT)

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