Lindt chocolate is seen in their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS
KILCHBERG, Switzerland, March 10 (Reuters) – Swiss chocolate maker Lindt & Spruengli said it was difficult to say how cocoa prices could develop this year, although packaging and transport costs could rise due to higher oil prices, CFO Martin Hug said on Tuesday.
“It’s difficult to say where the market will go. It would not surprise me if we had a bit of a correction in the next few weeks,” Hug told journalists after Lindt reported its full year figures.
“Even though cocoa bean prices are coming down, of course there are, in the current environment, other costs that may go up and will go up,” Hug said, referring to fuel prices, which increase transport and packaging costs.
Reporting by John Revill, Editing by Miranda Murray
