Chocolate no lockdown comfort for Swiss cocoa giant

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Chocolate may be a go-to comfort food for many but Swiss chocolate giant Barry Callebaut has revealed that sales tumbled during its latest quarter when many consumers were confined to their homes as part of measures to slow the spread of the novel coronavirus, AFP reported.

Sales at the world's top manufacturer of high-quality chocolate and cocoa products slumped 14.3 per cent by volume in its third quarter that ran from from March through May.

“As anticipated in April, Covid-19 lockdowns across the globe impacted our sales volume in the third quarter,” said the firm which supplies major confectionery makers such as Nestle, Unilever and Mondelez.

Lockdowns have seen some consumers spending more on groceries as they ate more at home, but not all food products have benefitted, and gains at supermarkets have not always compensated for sales lost through other channels.

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