date:Jan 15, 2014
tough market environment, noting high raw material prices would also be a headwind this year.
I expect cocoa bean and butter prices to stabilise at current levels. I don't think there will be a shortage in cocoa beans, Tanner said, adding the company's high volume growth should help it cushion the increase in costs.
Cocoa bean prices rose about 20 percent last year, but have stabilised since late December.
Vontobel analyst Jean-Philippe Bertschy confirmed his buy rating on the stock, citing s