Down The Aisle... Nestlé and Cadbury Are Taking Action To Tackle The Supply Issues Of Cocoa
Nestle & Cadbury's, Alpo, Mars, Unilever, Annual Food Price Inflation, Dairy Crest, Finsbury Fopod Group
Leading confectionery manufacturers are working to secure their supply of cocoa amid widespread disruption and price volatility. Both Nestlé and Cadbury are taking action to tackle the supply issues that have caused the price of cocoa to rocket in recent months. Political turmoil, ageing plants and crop disease have disrupted supply in the two primary suppliers of cocoa, Ghana and the Ivory Coast. Cocoa peaked at over £2,100 per tonne in March, but has since fallen back to about £1,700.
Alpro, the soy products business put up for sale by Belgian food group Vandemoortele, has attracted second round bids from Dean Foods, Raisio and Unilever, sources following the situation told mergermarket.However, several multinational industry players, including Nestle, Pepsi, Coca-Cola and Danone, are unlikely to be present at the final stage of the auction, several of the sources claimed.
The United Synagogue has announced that all Mars Chocolate UK products manufactured at the Slough Mars factory will be certified Kosher by the Kashrut Division of the London Beth Din (KLBD). Mars has partnered with the KLBD, the UK's leading kosher certification board to ensure that Mars bars, Snickers, Galaxy Block, Galaxy Ripple, Galaxy Minstrels and three flavours of Tracker bars are now Kosher certified.
Unilever has said that it will reduce in-store promotional activity for its Walls ice cream brand after problems at its distribution centre disrupted supply.
Annual food price inflation slowed to 6.4% in May compared with 7.9% in April, according to figures from the British Retail Consortium (BRC) Non-food was down by 1.3%, from a 1.9% decrease in April, meaning overall shop price inflation rose by 1.3% in May, down slightly on April's 1.4% rise.
Dairy Crest has confirmed that it is in talks with Medina Dairy over the sale of five "main depots" and 11 "satellite depots".
Shares in UK cake maker Finsbury Food Group shot up after the company revealed it had been sounded out about a takeover of the business
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