Chocolates

'Expertly crafted' chocolate? Lindt in legal row after 'puffery' defence

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: History, benefits, its addiction and more

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

Choco companies rely on developing cocoa substitutes other than cocoa beans

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 .

Nestle chocolate may flag more price hike by Christmas as cocoa costs bite

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

Dining out? Be ready to shell out more as food commodity prices surge

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

India-EFTA deal: Swiss watches, chocolates to enter India at lower prices

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: 10 best wishes, messages and quotes to share

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

Imports of luxury chocolate brands zoom 45% on steady uptick in demand

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 announces farm gate price of cocoa at Rs 1,000 CNF Franc/kg

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 ...

DS Group acquires chocolate brand LuvIt, to expand confectionary business

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 tops quarterly sales estimates powered by higher prices and demand

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.

Nestle recycles cocoa fruit waste to replace sugar in its chocolate

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

Say it with flowers and candy, health packs and hi-fi this Valentine's Day

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

Hershey's chocolates are not all that sweet for west African cocoa growers

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

ITC eyes expansion of its chocolate segment, looks to offer unique variants

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

Vinegar to green tea, chocolate innovators try new flavours to boost sales

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

Chocolate brands' plan to stay relevant in health conscious consumer market

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

With Oreo and Cadbury, Mondelez looks to expand the influence of its brands

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

ITC launches world's most expensive chocolate priced at Rs 4,30,000 per kg

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

ITC eyes over 10% growth from chocolates after launch at grocery stores

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