Category: Mondelez
-
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
•
(Reuters)-Mondelliz International expects Cadbury, a greater decrease in its annual profits on Tuesday, indicating pressure from high costs, including the rise in cocoa prices, which led to a decrease in its shares by approximately 6 % after the bell. Cocoa prices – a major ingredient in chocolate – increased unabated…