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Stock impact report

Mondelez urges cocoa producers to up yields as demand rises [Reuters]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: Reuters
Mondelez urges cocoa producers to up yields as demand rises | Reuters 4 Min Read BERLIN (Reuters) - Mondelez, maker of chocolate brands like Toblerone, Milka and Cadbury, is urging governments in Ivory Coast and Ghana to boost cocoa yields to secure long-term supply despite low cocoa prices. Hubert Weber, president of Mondelez Europe, said he was concerned about the sustainability of the industry as demand rises in places like China, while supply was threatened by deforestation and farmers leaving their land for jobs in mining. “More and more Chinese consumers and other consumers in the world can discover and appreciate chocolate consumption. That is driving the need to think about how we get chocolate supply in the future,” Weber told Reuters in an interview. Speaking on the sidelines of the World Cocoa Conference in Berlin, Weber said China now only consumed 50 grams of chocolate per capita per year and Russia only 3 kgs, compared to 9 kgs in Europe and 6 kgs in the United States. W Show less Read more
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