Chocolates

Swiss chocolatier Lindt faces a legal showdown over claims of 'finest ingredients,' with revelation of 'puffery' in its defence before the court, raising doubts about the brand's famed excellence

International Chocolate Day 2024: Dark chocolates contain sugar and high amounts of cocoa (70 per cent or higher). It has several health benefits. Get to know more here

Climate change is stressing rainforests where the highly sensitive cocoa bean grows, but chocolate lovers need not despair, say companies that are researching other ways to grow cocoa or develop cocoa substitutes. Scientists and entrepreneurs are working on ways to make more cocoa that stretch well beyond the tropics, from Northern California to Israel. California Cultured, a plant cell culture company, is growing cocoa from cell cultures at a facility in West Sacramento, California, with plans to start selling its products next year. It puts cocoa bean cells in a vat with sugar water so they reproduce quickly and reach maturity in a week rather than the six to eight months a traditional harvest takes, said Alan Perlstein, the company's chief executive. The process also no longer requires as much water or arduous labour. We see just the demand of chocolate monstrously outstripping what is going to be available, Perlstein said. There's really no other way that we see that the world .

As companies like Nestle raised their chocolate prices, they ceded sales volumes to cheaper rivals including Tesco and other supermarkets' own brands

With a rise in cocoa prices due to adverse weather conditions in the African regions as well as surging prices of palm oil, coffee beans, and sugar, the usual plate is all set to cost more

Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It will take up to a year to implement the agreement due to an elaborate ratification process of these pacts in different countries. "We are giving duty concessions on Swiss watches, and chocolates," an official said. Some famous Swiss watch brands are Rolex, Omega, and Cartier. Nestle, which is a Swiss brand, is a major player in the Indian FMCG industry and manufactures chocolates in India. It is the third-largest listed entity in the Indian FMCG segment. According

Happy Chocolate Day 2024: This is the third day of Valentine's week and celebrated every year on February 9. Here are the 10 best wishes messages and quotes to share on this day

According to industry insiders, imports of such luxurious products in India will be driven by the demand for organic, dark, vegan gluten-free and sugar-free chocolates

Cote d'lvoire, the world's largest cocoa producer and exporter, on Saturday announced the farm gate price of 1,000 CNF Franc per kilogram (Rs 133.09 )for the main crop of the 2023-24 marketing year starting October 1. The cocoa farm gate price, which is similar to India's minimum support price fixed for a dozen commodities, is a rate below which buyers are not allowed to pay. The farm gate price for cocoa, largely used in manufacturing chocolate, was at 900 CFA Franc per kilogram (Rs 120 per kg). CFA Franc is the currency of Cote d'lvoire. In India, no farm gate price is fixed for cocoa but usually the market rate of the commodity is higher. India produces only 27,000 tonne cocoa annually but imports about 1 lakh tonne of cocoa products. Announcing the price, Cote d'lvoire Agriculture and Rural Development Minister Kobenan Kouassi Adjoumani said: " We have fixed the cocoa farm gate price at 1,000 CNF Franc per kg for the main crop of this year. I declare 2023-24 marketing ...

The company could scale the LuvIt brand to Rs 500 crore, up from the current Rs 100 crore, said Rajiv Kumar, vice chairman, of DS Group

Mondelez Inc beat Wall Street estimates for quarterly revenue, as higher prices and sustained demand for the chocolates and snacks helped it overcome a hit to business from supply chain hurdles.

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its "Incoa" bar

While carnations and confectionery still make the cut, practical gifting options such as gadgets and gizmos, home decor, and feel-good beauty hampers are gaining popularity

The governments of Ivory Coast and Ghana have accused Hershey of maneuvering to circumvent premiums tacked on to the price of cocoa futures in order to raise incomes for hard-pressed cocoa farmers

The company's chocolate products, which were launched in 2016, are available only in six cities - Bengaluru, Delhi, Mumbai, Kolkata, Chennai, and Hyderabad

Staying on trend means demand is soaring even as foods like hot dogs and milk are in a bit of consumption crisis

To keep young and health-conscious customers in the fold, chocolate and confectionary brands adopt clean labelling methods, keep pack sizes small

The company has also sought out local and hyperlocal brands, in a bid to tap into growing consumer affinity towards such labels

The product will be available on a made-to-order basis starting tomorrow

ITC is also strengthening its assorted chocolates which are typically meant for gifting